Need to view economic offences involving huge amount of investors' money seriously, Supreme Court cancels bail

Shruti Mahajan November 20 2019
economic offence

The Supreme Court on Tuesday cancelled the bail granted by the Orissa High Court to two top officials of one Tower Infotech Limited in a chit fund scam.

While cancelling the bail granted to the Respondents, the Bench of Justices Mohan M Shantanagoudar and Sanjiv Khanna said,

"This Court is conscious of the need to view such economic offences having a deep­rooted conspiracy and involving a huge loss of  investors’ money seriously."

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