New Delhi: The Delhi High Court has provided guarantees to two application-based taxi company directors, accused of cheating hundreds of people from Rs 250 Crore after promising them a big return at the company.
Subramonium Prasad judge enlarged the second accused of a guarantee noting that they had been detained for more than a year now and their sustainable prisoners were no longer needed.
“The two applicants have been detained for more than a year now.
Sheets and additional cost sheets have been submitted, and all available evidence is documentaries in nature and in prisoners of investigators”, he said.
“Whether the money cheated is entrusted to the applicant (accused) is a matter of trial and cannot be considered at this point.
This court is, therefore, the opinion that the continuation of the Petitioner’s detention is no longer needed and that the two applicants must be enlarged in guarantees,” said the court .
The court directed accusing Sunder Singh Bhati and Rajesh Mahto to provide private bonds each of the Rs 1.5 lakh each with two temptations of a similar amount and not to direct the evidence or try to influence the witness in this case.
“In case it was founded that the applicant had tried to influence the witness or interference with evidence, the guarantee given to them would be canceled thus,” he said.
While Bhati was arrested on December 9, 2020, Mahto was arrested on August 22, 2020.
Wing Economy Wing (EOW) from Police Delhi had arrested two directors of the company ‘Hello Taxi’ for alleged their involvement in multi-crore fraud cases.
According to prosecution, both of them were accused of together with other business partners allegedly deceiving hundreds of people by promising a higher interest rate, up to 200 percent, monthly on investment in the company.
Complaints submitted by ex-serviceman, Dharmender Singh, which states that Middle School Impex Pvt Ltd (Hello Taxi) and his director or officials – Dr.
Saroj Mahapa, Rajesh Mahto, Daisy Vijay Menon and Sunder Singh Bhati and other unknown people have committed.
and fraud.
Prosecutors opposed the bail request said the case involved cheating in large quantities, involving more than 900 investors.
They submitted that Bhati had previously been declared as a proclaimed actor and he never joined in the investigation despite some notifications incurred for him and many witnesses or complains specifically took the name of the defendant who took part active in the meeting.
Advice for Bhati submitted that the defendant had been in prison since December 2020 and there was no recovery that had been made from it or for example and that there were no links that tied it for suspected fraud.
He also brought the attention of the court that Bhati was not an official signatory and the director of the company accused and that no one showed that he was associated with the company.
Advice for Mahto also claimed that there was no evidence to show that he had induced investors and discharged lies about RBI authorization.
He handed over the court of the trial had made a mistake for failing to admit that most of the complainants had not yet mentioned the name Mahto and that he was just a non-executive director and only received Rs 11 Lakh, which was a remuneration, out of the alleged amount tricked by Rs 250 Crore.
2 Multi-Crore Taxi Applications Accused of Getting Guarantees
