Content Provider | Supreme Court of India |
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e-ISSN | 30484839 |
Language | English |
Access Restriction | NDLI |
Subject Keyword | Bail Economic offences |
Content Type | Text |
Resource Type | Law Judgement |
Jurisdiction | India |
Act(s) Referred | Constitution of India, Indian Penal Code (45 of 1860) Code of Criminal Procedure, 1973 (2 of 1974) |
Case(s) Referred | Referred Case 0 Referred Case 1 Referred Case 2 Referred Case 3 Referred Case 4 Referred Case 5 Referred Case 6 Referred Case 7 Referred Case 8 Referred Case 9 Referred Case 10 Referred Case 11 |
Case Type | Appeal |
Court | Supreme Court of India |
Disposal Nature | Appeal Dismissed |
Headnote | Code of Criminal Procedure, 1973: ss.439 and 173(8) - Bail - Economic offences -- Factors to be taken into consideration while granting bail - Explained - Charge-sheets filed against appellant and others for offences punishable u/ss 420, 409 and 477-A /PC and s.13(2) read with s. 13(1)(c) of Prevention of Corruption Act - Charges relating to amassing of huge ill-gotten wealth, allotment of lands on relaxed norms, abuse of public office, laundering bribe money through investment in bogus companies etc. - Further . investigation in progress - Held: Economic offences having deep rooted conspiracies and involving huge loss of public funds, need to be viewed seriously and considered as grave offences affecting economy of the country as a whole and thereby posing serious threat to financial health of the country, and being a class apart, they need to be visited with a different approach in the matter of bail - On going through Status Report furnished by CBI and counter affidavit sworn by Deputy Inspector General of Police and Chief Investigating Officer, release of appellant at this stage would hamper investigation as it may influence the witnesses and tamper with the material evidence - However, CBI is directed to complete the investigation expeditiously and file the charge sheet(s) - Thereafter, appellant is free to renew his prayer for bail before trial court.On the orders of the High Court, CBI registered a case for various offences under the Penal Code and Prevention of Corruption Act, 1988 relating to amassing of huge ill-gotten wealth, conducting media business with such money, floating bogus companies with benami share holders and laundering the bribe money through investment in such companies, allotment of lands, abuse of public office, contracts of irrigation projects, special relaxations/permissions for real estate ventures, mines etc. The appellant, the son of a former Chief Minister, was arraigned as accused no. 1 in the case along with 73 others. Four charge-sheets in the case were filed respectively on 31.3.2012, 23.4.2012, 7 .5.2012 and 13.8.2012. The appellant was arrested on 29.5.2012. His bail applications filed from time to time were rejected. The appellant on 16.11.2012 again unsuccessfully moved an application before the Special Court for default/ regular bail. The High Court also declined his prayer. |
Judge | Honble Mr. Justice P. Sathasivam |
Neutral Citation | 2013 INSC 331 |
Petitioner | Y.s. Jagan Mohan Reddy |
Respondent | Central Bureau Of Investigation |
SCR | [2013] 3 S.C.R. 547 |
Judgement Date | 2013-05-09 |
Case Number | 730 |
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