Incarcerated For More Than 7 Yrs, Longer Than Maximum Sentence: Bombay High Court Grants Bail To Conman Sukesh Chandrashekhar In 2015 Ponzi Scheme Case

The Bombay High Court has granted bail to Shekhar Chandrashekhar, who was arrested in 2015 for alleged offences under the Maharashtra Protection of Interest of Depositors (MPID) Act, 1999. The Case Shekhar Chandrashekhar was arrested on May 29, 2015, for offences under Sections 420 (cheating) and 120B (criminal conspiracy) of the Indian Penal Code (IPC), Sections 3 and 4 of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978,…