Pre-arrest bail of accused involved in bogus crypto currency denied

Naresh Kumar Gulia Vs Directorate of Enforcement and anr. (Jammu & Kashmir High Court) Jammu Kashmir High Court held that pre-arrest bail application of accused involved in bogus “crypto currency/Emollient Coin” Ponzi Scheme is liable to be dismissed since matter involves heinous offences of economic nature which is being connected with the proceeds of crime. Facts- Through the medium of the instant petition having been filed under the provisions of Section 482 of Bhartiya Nagarik Suraksha Sanhita, 2023, the petitioner has sought the grant of pre-arrest bail in his favour in respect of...