No Bail Under Section 479(1) BNSS for Completing Half or One-Third Sentence If Accused Faces Multiple Cases: Karnataka High Court
The Karnataka High Court recently rejected the bail plea of 73-year-old K. Ramakrishna, former Chairman of Guru Raghavendra Sahakara Bank Niyamitha and Sri Guru Sarvabhauma Souhanda Credit Co-operative Ltd., who is accused of defrauding the bank of approximately Rs. 1,553 crores. Ramakrishna is facing charges under the Prevention of Money Laundering Act (PMLA) for allegedly creating fictitious documents and granting loans to fictitious persons. Legal Basis for Rejection of Bail…
