Case Law Analysis
|Bombay High Court
BNS & MPID Act | Victim-Cum-Accused in Rs. 1.58 Crore Ponzi Scheme Granted Bail on Minor Role : Bombay HC (Nagpur Bench)
Bombay HC's Nagpur Bench granted bail to an accused in a Rs. 1.58 crore Ponzi scheme, recognizing his minor role and victim-like status in the fraudulent network marketing scheme. The court held that mere signatory status without active involvement in the primary fraud does not justify prolonged detention under BNS, MPID Act, and IT Act.