Case Law Details
Akash Sharma Vs State of Haryana (Punjab And Haryana High Court)
Alleged conversion of Rs. 156.22 Cr defrauded amount to Cryptocurrency: P&H HC denies Regular Bail to Accused in Winmoney Scam on Telegram
Punjab and Haryana High Court rejected the bail application keeping in view seriousness of allegations and gravity of offense committed by the petitioner and attribution of role to the petitioner.
Facts- This petition has been filed by the petitioner under Section 439 Cr.P.C. seeking regular bail in case under various sections of Indian Penal Code and the Prize Chits and Money Circulation Schemes (Banning) Act, 1978.
FIR in the present case was registered on the complaint made by the complainant, who stated that accused persons by calling the complainant on telegram fraudulently induced him by saying that they have an app. namely WinMoney which is Android link chain app. and same was approved by Government of India. It deals in chit fund schemes and numerous persons have invested their money in this scheme. The complainant fell in the trap and he made four IDs as mentioned in the FIR. He deposited a sum of Rs.12 to Rs.15 lacs in the said IDs from different bank accounts. For sometime the complainant was paid commission but later on when the complainant checked the app. he came to know that the payment was stopped and his IDs and accounts were blocked.
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