The Allahabad High Court has denied bail to a real-estate promoter facing money-laundering charges over the alleged diversion of Rs 126.30 crore of homebuyers’ money, observing that white-collar crime has grown too pervasive to be met with anything less than firm enforcement, and that a firm stance would dispel the perception that wealth and status buy a softer form of justice. The allegations are untested; the Court confined its remarks to the bail stage.
Granting bail to a man accused of sending an email with derogatory remarks against the Uttar Pradesh Chief Minister, the Allahabad High Court held that if a case for bail is otherwise made out, an accused cannot be kept incarcerated solely because of his criminal antecedents, where those antecedents stand explained. The man had been in custody for about two and a half years with the trial moving slowly. The allegations are untested.
