The Supreme Court on Friday dismissed a bail application filed by an accused, who was convicted for storing ammunition and fake Indian currency, in addition to making a team for terrorist training in Pakistan.
“Accordingly, the Anticipatory Bail Application is dismissed without expressing any opinion on merits of the case with liberty to the applicants to approach the concerned Court of Sessions,” the Court ordered.
Justice Sen pointed out to the SG that the judgments cited by him (as above) referred to disruptive circumstances that arose 'during the course of trial'. The judge asked: "Can you give us any illustration of the present case where such transfer was allowed in bail application?"
“The Company (Devas) fraudulently raised foreign investment of Rs 579 crore and subsequently illegally transferred 85% of the investment out of India to its subsidiary in USA in the guise of investment and services fees etc,” the ED investigation revealed.