High Court Denies Bail in Rs 640 Crore Cyber Fraud Case

The Delhi High Court refused anticipatory bail for two chartered accountants implicated in a Rs 640 crore money laundering investigation. Justice Girish Kathpalia highlighted the intricate nature of the laundering scheme, citing the need for custodial interrogation. The investigation involves multiple layers of fraudulent operations targeting middle-class investors.

The Delhi High Court on Monday declined to grant anticipatory bail to two chartered accountants, Bhaskar Yadav and Ashok Kumar Sharma, embroiled in a money laundering investigation tied to a Rs 640 crore cyber fraud case.

Justice Girish Kathpalia dismissed their bail pleas, emphasizing the complex web of money laundering involved. He noted the Enforcement Directorate's justified demand for custodial interrogation given the multilayered fraud setup.

The judicial ruling highlighted fresh complaints against the accused, including bribing police and assaulting investigators, underscoring the intricate laundering involving over 5,000 bank accounts and international cash withdrawals.

(With inputs from agencies.)