The Indian Court rejects the guarantee of the suspect in fraud to encrypt 228 million dollars star-news.press/wp

The Himachall Pradesh Upper Court rejected the sponsorship of Abisik Sharma, the alleged suspect participating in the coded currency case of $ 228 million in India.

The victim of fraud is more than 80,000 investors in Himachal Pradesh and the neighboring states.

In rejecting the guarantee request on Friday, Judge Suosheel Cokriga emphasized the danger of economic violation and its effects on society.

Times of India newspaper Reports The court stated that the investigation showed that Sharma was one of the best lines in the chain and a partner close to the main suspect, Sophash Sharma.

The main defendant, Sophash Sharma and his escape from India, left his partners to confront the prosecution.

The India Court weighs constitutional rights against the public interest

Judge Kukreja acknowledged that Article 21 of the Indian constitution guarantees rapid trials and prohibits the detention of non -trial prisoners.

The court ruled that while Sharma had been in detention since October 28, 2023, the detention period alone cannot justify the guarantee of a person “was found in a large economic crime.”

“Economic crimes are serious crimes because they affect the country’s economy, and these crimes must be seen seriously,” the court said.

The seat confirmed that the bail decisions in economic crimes should consider “the largest interest of the public and the state.”

VOSCROW Platform promised double investments

Fraud began in 2018, but it appeared when investor Aaron Singh Guliria provided flight information on September 24, 2023, at the Balabur police station.

The victims received a virtual currency in exchange for their investments on the Subhash Sharma platform.

Through web sites such as Voscow and Hypenext, the defendants have promised investors that their investments in digital currencies will double their money. More than 1,000 state police officers have been deceived, according to the investigation.

The investigation revealed an operation in the style of the pyramid, where the accused individuals organized investor gatherings through Mandy, Colu, Badi, Shandigar, UNA, Hamirpur and Palambur.

Investigators claim that the defendants have established Shell companies and invested in real estate fraud revenue through Hemachal Pradesh, Chandigar, Punjab and Haryana. They also bought luxury elements and high -end vehicles using stolen money.

The fraud mechanism included treating encrypted currency prices and at the same time employing new investors through the current victims.