New Delhi, Jun 25(ILNS) The Supreme court today rejected the anticipatory bail petition of a woman who allegedly indulged in duping investors of their money in a Richhood club Ponzy Scheme.
A bench of Justice Hemant Gupta and Justice Aniruddha Bose dismissed the plea of one Rashmi Manohar Hirachandani who challenged the order of Bombay High Court which had denied anticipatory bail to her.
It is alleged that Rashmi, who being an agent /promoter of M/s Smart Vision Product India Pvt. Ltd got involved in introducing prospective investors to their new scheme of M/s Richood. club. She provided information which pertains to 3 phases of scheme and in this manner, duped several investors of their money.
The Supreme Court today rejected the Anticipatory Bail to her in a case in which offences under sections 420(Cheating) 409(breach of trust) r/w 34 of the Indian Penal Code and under section 3, 4 and 6 of The Prize Chits and Money Circulation (Banning) Act, 1978.
The Counsel for Petitioner submitted that she has herself lost money in such schemes and thus did not induce investors to invest their money in this scheme.
The Investors said that the total sum includes more than 80 lakhs as submitted by APP, for the state before the Gujarat High Court.
The High court while denying bail to the accused had observed, that the account statement of the Petitioner shows that on many occasions the amounts were deposited in the Petitioner’s account through cash deposits and immediately they were transferred in the account of Pratiksha who was concerned with M/s Smart Vision. This was going on since April 2020 i.e prior to the seminar which was held in November 2020. The Petitioner was not merely associated with Richhood.club for future schemes, but she was actively participating in accepting deposits, as far as M/s Smart Vision is concerned. Considering the seriousness of the allegations, custodial interrogation of the Applicant is necessary to find out the money trail and modus-operandi in this case, the prosecution argued.
The complaint filed by Rajaram Shankar Gholap said that he came to know about M/s Smart Vision Product India pvt. Ltd. Pratiksha Mote and Salil Gaus were Directors and MCMD of the company. Rashmi was Agent/Promoter of the said company. The said company had started some scheme.
Rajaram alleged that he was told by the company that if he deposits certain amount for certain fixed period, he would get larger amount. He invested Rs.1,95,000/- with that company, though he was not issued any receipt. Thereafter he again invested Rs.2,08,000/- in another scheme, for which he was promised returns of Rs.4,80,000/-. Thus, in all he invested Rs.4,03,000/-. But except Rs.30,000/- nothing was returned to him. The FIR mentions that there were other investors who were similarly duped and they had lost their money. ILNS/KY/SNG