Anticipatory Bail Denied To Businessman In ₹6000 Crore Financial Fraud Case, Termed "Large-Scale Scam": Gujarat High Court
In a recent judgment dated December 23, 2024, the Gujarat High Court dismissed an anticipatory bail application filed by Bhupendrasingh Parbatsinh Zala in a major fraud case involving unregulated deposit schemes. The applicant had been accused of defrauding depositors by promising them high returns on their investments and subsequently defaulting on repayments. The case revolves around the violation of multiple provisions of the Gujarat Protection of Interest of Depositors (In…
