Delhi HC dismissed bail application filed by ‘ex-CFO Nittin Johari’ as offences were serious in nature

COMPANY LAW : Where offences alleged against petitioner an ex-chief financial officer of company BSL were serious in nature which involved fraud to tune of several crores and offence being an economic one which affects economy of nation, petitioner would not be entitled for bail under section 439 Cr.P.C. Further, in view of allegations appearing on record against petitioner, there are no reasonable grounds to believe that he is not guilty of offences alleged against him

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000193172/delhi-hc-dismissed-bail-application-filed-by-‘ex-cfo-nittin-johari’-as-offences-were-serious-in-nature.aspx