#CBI Prosecution

Delhi High Court rules that involvement in artificial share price manipulation to enable a Qualified Institutional Placement (QIP), even without direct financial benefit, meets the threshold for criminal conspiracy under Section 120B IPC. Summoning is justified at the threshold stage if supported by circumstantial evidence and witness statements, reinforcing the broad scope of conspiracy liability in financial crimes.

The Supreme Court granted bail to a former Jharkhand Minister, ruling that prolonged custody and overlapping prosecutions for the same assets amount to double jeopardy. The Court emphasized the need to restore tribal lands as a condition for release, setting a precedent for bail jurisprudence in corruption cases involving asset confiscation.

Supreme Court grants bail to a former Jharkhand Minister, holding that prolonged custody and asset seizure under overlapping corruption and money laundering charges do not justify continued detention pending appeal. The ruling clarifies that double jeopardy principles and proportionality weigh in favor of release, even in high-value graft cases.

Madras HC rules that a bank branch manager can be prosecuted for criminal conspiracy under IPC and the Prevention of Corruption Act for submitting forged pre-sanction inspection reports, even if loan sanction authority lies elsewhere. The court held that facilitating fraudulent disbursement through false documentation constitutes prima facie criminal liability, rejecting the manager’s discharge plea.