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CHIT FUND CRIME


Court freezes chitfund stash worth Rs 1.6 crore

NEW DELHI: As lakhs of depositors suffer from the menace of ponzi schemes, a special PMLA court here has ordered freezing of Rs 1.63 crore in bank accounts of owners of chitfund companies running inHaryana and Punjab which have allegedly cheated people.

ANTICIPATORY BAIL


Criminal Procedure Code – Section 438

Presumption of innocence of an accused until he is found guilty is well settled legal proposition.

AIR 2011 SC 312