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KULDEEP MATHUR
Dinesh Singh Rajpurohit – Appellant
Versus
State of Rajasthan – Respondent
ORDER :
Mr. Kuldeep Mathur, J. - This application for bail under Section 439 Cr.P.C. has been filed by the petitioner who has been arrested in connection with FIR No.143/2022 registered at Police Station Shastri Nagar, Jodhpur City (West) for offences under Sections 420 , 406 and 120B IPC.
2. As per prosecution, the petitioner and co-accused persons fraudulently induced the complainant and other persons to invest an amount of Rs.50 lacs or more in FX ARENA, company against a return of more than 400% in one year. As per prosecution, the accused persons assured the investors that they will also get bonus of 10%, over and above the promised return. They were assured of foreign trips as well. As per prosecution, huge amount was invested by the complainant and other persons in the bank accounts as per the details provided by accused persons. After passing of the assured period, when an inquiry was made about the return/profit on the amount deposited, the complainant came to know that a fraud has been committed upon them and their money has been misappropriated.
3. Learned counsel for the petitioner submitted that the petitioner has been falsely implicated in the present case. Learned coun
The court considered the applicant's potential gullibility, lack of direct involvement in fraudulent activities, and absence of criminal antecedents or flight risk as key factors in granting bail des....
Bail cannot be granted when there is substantial evidence of fraud, a significant flight risk, and a history of similar offenses by the petitioner.
The court considered the duration of custody, progress of trial, and principles of parity and Supreme Court guidelines for granting bail for certain offences in deciding to grant bail to the petition....
Bail granted under Section 439 Cr.P.C. due to completed investigation and absence of risk of influencing witnesses.
Bail may be granted if co-accused have been released and investigation is complete, despite serious allegations.
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