Bail Application got rejected of CA charged with creating fake firms to avail credit

Abhishek Singhal Vs Union of India (Rajasthan High Court) This bail application filed on behalf of the petitioner deserves to be dismissed; for the reasons, firstly, the petitioner failed to appear before the Department while notices were issued to him, secondly, even after filing of complaint before the learned Trial court, he remained absconded for about one year and thirdly, the petitioner is a chartered accountant, who is master mind of the crime and he has created 38 fake firms and availed ITC wrongfully to the tune of 6,36,32,492/-. The present bail application has been filed under Secti...