'Severely Hit Country's Economy': Delhi High Court Refuses Bail To Man Booked For Laundering ₹43.33 Crore Through Fake Trading App

The Delhi High Court has refused to grant bail to an accused in a cyber fraud case involving a fake trading application, observing that the material on record prima facie indicated money laundering of approximately ₹43.33 crore through circular and layered transactions.Justice Girish Kathpalia observed,“It is not a case of simple cheating in the course of transactions. It is an intricate...