#crypto fraud

The Kerala High Court granted regular bail to an accused in a ₹56-lakh crypto fraud case, holding that the mere seriousness of offences or involvement in multiple cases cannot justify continued detention once the investigation is nearly complete. This reinforces that bail under BNSS Section 483 must be assessed on procedural fairness, not punitive presumption, affecting all accused in complex financial fraud investigations.

The Himachal Pradesh High Court ruled that a senior promoter's central role, financial gains, and flight risk in a ₹2,000 crore crypto fraud scheme disqualify him from bail on parity grounds, even if co-accused investors were released. The judgment underscores that economic offences involving massive public harm warrant stricter bail scrutiny under BNSS.