The Supreme Court held that a trust is not a juristic person capable of suing or being sued, and therefore cannot be arrayed as an accused in a criminal case. It directed that proceedings in the IMAP deposit scam not continue against an educational trust, while leaving the prosecution of its trustee and the other accused untouched.
The Supreme Court of India denied Arif Nisar’s interim bail request linked to a Rs 3,558 crore cloud rental scam, citing a lack of urgent medical need. The Enforcement Directorate claims Nisar misled investors, using funds from new investors to pay existing ones in a Ponzi-like scheme, without generating legitimate rental income.
Mumbai, February 4: Ukrainian actor Armen Ataine, arrested in connection with the Torres investment scam, was found to have a fake birth certificate and falsely claimed to be an Indian national, according to Mumbai Police. Ataine was taken into custody last week and was presented before a court on Monday after the completion of his police custody. The court sent him to 14-day judicial custody. The police did not ask for an extension of his custody but stated that they might seek fresh remand if required.
