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Showing contexts for: Pincon in Kamlesh Asati vs The State Of Madhya Pradesh on 19 July, 2022Matching Fragments
SAN The first bail application of the applicant was dismissed on merit by this Court vide order dated 21/10/2021 passed in M.Cr.C.No.38092/2021.
2As per the prosecution case, the applicant and co-accused persons, who were the Director, Manager, Employees and Agents of Pincon Group of Company had collected huge amounts from innocent persons assuring them that they would get handsome returns after the stipulated period. However, they did not pay the money even after the maturity period. On the other hand, they closed down the company office. Thus they cheated innocent people. The specific allegation against the applicant is that the applicant was the Agent of the said company and he induced the innocent investors to deposit the money with the company and also collected money from them.