GST evasion: HC grants bail to accused subject to deposition of Rs. 2 crore

Mohmed Hasan Aslam Kaliwala Vs State of Gujarat (Gujarat High Court) Revenue contended that applicant defrauded State Exchequer to the tune of Rs. 21.59 crores and still investigation is going on and quantum of tax evasion involved is also further likely to increase and considering the conduct of the applicant, if bail is granted, then, the applicant may manipulate or attempt to destroy the evidences, which will adversely affect the investigation. He further submitted that the offence committed is grave economic offence, and detrimental to the nation economy as economic offense constitute a cl...