|HC rejects bail of Advocate, another who duped people|
|EARLY TIMES REPORT|
JAMMU, Feb 13: J&K High Court rejected bail application of Zaffar Iqbal who is advocate by profession and Zaheer Abass who duped people crores of rupees.
Justice Sanjay Kumar Gupta after hearing both the sides in length observed that applicants along with other accused have been found involved in swindling of huge amount of Rs 147,67,92,256 of innocent persons of locality on the promise of doubling the same within one month. Applicants and other accused have used the money of public for their own use by purchasing properties at Jammu and outside Jammu. In case bail is granted, the trust of the general public, especially the persons who have deposited the money with the company, will be shaken and they will lose faith on Courts. The laws cited by counsel for petitioners are not applicable in the present set of circumstances of both the cases. Having regard to the material on record and since large amounts of money belonging to innocent investors have been siphoned off, as well as for the aforesaid reasons, the High Court, in our considered opinion, should not have released the Respondent on bail. With these observations Court rejected bail application. JNF