Document Fragment View
Fragment Information
Showing contexts for: Binance in Munir Ashifbhai Rathod vs State Of Gujarat on 2 February, 2026Matching Fragments
6. Having heard learned advocate Mr. B.M.Mangukiya for the applicant and learned APP Mr. L.B.Dabhi for the respondent - State and having perused the documents on record, this Court is declined to consider this matter for the following reasons:
i. The allegations in the FIR being that the accused had conspired together and had procured mule accounts from various persons and had deposited money which were proceeds of Cyber crime in the said account and thereafter, had transferred the said amount to Binance account operated by the accused and converted the same into US Dollars.
ii. It would appear in this regard that as far as the entire fraud is concerned, the same is stated to be valued at around Rs.14,63,07,600/- and whereas in so far as the present applicant is concerned, it would appear that the applicant had used the Binance account to convert around Rs.2,93,68,800/- into 3,36,320 US Dollars.