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1 - 5 of 5 (0.51 seconds)Y.S.Jagan Mohan Reddy vs C.B.I on 9 May, 2013
25.aba-37-2023.doc
applicant, the amount received by the applicant was as by way of
loan which has been thereafter repaid by the applicant. But
nothing is brought on record by the applicant to support it. At this
stage, I am satisfied that the custodial interrogation of the
applicant is necessary to unearth larger racket of such persons to
lure innocent investors by promising them to handsome returns.
The nature of offence being grave and serious, it forms separate
class from other offences as has been held by the Apex Court in the
case of Y. S. Jagan Mohan Reddy v/s Central Bureau of India vs
Central Bureau of Investigation decided on 9 May 2013, reported
in SSC Online (2013) 7 SCC, in paragraph 34 and 35 have
observed as under:
Section 3 in The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999 [Entire Act]
Section 438 in The Code of Criminal Procedure, 1973 [Entire Act]
The Code of Criminal Procedure, 1973
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