No anticipatory bail granted to journalist who alleged of cheating depositors through ponzi schemes

Suman Chattopadhyay Vs Republic of India (Orissa High Court) Conclusion:  High Court had refused to grant anticipatory bail to assessee-journalists who being accused of cheating depositors through Ponzi schemes as assessee had been indicted in an economic offence which was of serious in nature and the larger angle of conspiracy with regard to patronage of political and other persons in growth of such ponzi firms were required to be unearthed, no effective investigation could be made by the police by enlarging assessee on pre-arrest bail, even if he was ready and willing to cooperate with the...