Central Bureau Of Investigation vs Hari Singh Ranka on 18 July, 2017
11. The decisions of the Supreme Court rendered in Central Bureau of
Investigation v. Hari Singh Ranka and Others : (2019) 16 SCC 687 and
Mr Parbatbhai Aahir @ Parbatbhai Bhimsinbhai Karrmurand Ors. v.
State of Gujarat and Anr. : 2017 SCC OnLine SC 1189 may not be strictly
applicable. In those cases, the allegations related to defrauding banks who
are dealing in public money. Undeniably, frauds of such a nature have an
adverse effect on the economy and financial system. Loss sufferred by banks
and financial institutions have casscading effect. In the present case, the
adverse effect is somewhat contained and largely borne by respondent nos 2
and 3. No public funds are involved in tese cases.