Indian court denies bail in $240M crypto fraud case

Description

An Indian high court has denied the bail application of a suspect involved in a crypto investment fraud worth Rs. 2,000 crore (approximately $240 million). The suspect, Abishek Sharma, is an Una resident and one of the key accused in the crypto scam that duped about 80,000 investors in Himachal and neighboring states. While dismissing his bail plea, the judge considered the severity of the offense and its impact on society. “The investigation, prima facie, revealed that the petitioner was a clos...