JAMMU, May 21: Principal Sessions Judge Ganderbal Abdul Nasir has rejected the bail applications of four persons including three of a family in Rs 54 crore online gaming fraud case.
While rejecting the bail applications of Rumaisa Jan, daughter of Ghulam Nabi Shah, Ghulam Nabi Shah, son of Ghulam Mohammd Shah, Shahnawaz Ahmad Shah, son of Ghulam Nabi Shah, residents of Kangan Ganderbal and Aamir Bashir Magray, son of Bashir Ahmad Magray of Bonizal Haripora, the court said that, it is found from the record submitted by the police that the accused have indulged in monetary transactions amounting to Rs 53,21,72,049 and the investigating agency has resorted to inclusion of offences under Section 4 PMLA.
It is yet to be ascertained where the huge money of transactions as reflected in bank accounts of the accused persons/applicants has gone and from where this money came into bank accounts of the accused persons.
The court further observed that there is complaint of commission of fraud against the applicants and the transactions in the name of applicants need to be given a serious thought so that it may not result any prejudice and loss to the interest of nation/society & further added that in case tomorrow the applicants are found to be involved in commission of cyber crime/offences under Money Laundering Act and accused being already admitted to bail, this may result in serious prejudice to the investigation and the accused may flee from the cause of justice.
The court further added that so far as the question with respect to no mule account in the name of accused is concerned, the investigation to that extent is still going on. There is a complaint against the accused that they have defrauded people through the medium of playing online game and have extracted huge money which has been deposited in their bank accounts.
Therefore, the matter is being investigated regarding the investment of the money by the accused persons and the source of money extracted by the accused persons from the people at large.
Court said that there is extensive and meticulous efforts by the investigating agency to unearth the nexus between the accused persons and others with respect to financial misconduct and there is chance of emerging evidence to see whether the accused are involved in the commission of Money Laundering offences or not, and if it is so established against the accused, it may have a very serious and severe effect on the society and national interest as well & rejected the bail applications.
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