Advocate for EOW bail / ABA
An economic offence is a socially harmful violation of regulations on economic or financial operations which has caused or may have caused graver consequences.
Only those who have lost money in a Ponzi scheme would know how rare it is to recover funding from such companies and then distribute it to investors. Yes, it was only the principle and it took decades. It would be nice if the system worked better, but at least this is rare positive news for lakhs of people who have been taken for a ride by such scamsters.
The strict approach of courts to economic offence can be summed up in a Judgment of the Hon’ble Supreme Court as far back as 1987 in the case of State of Gujrat v. Mohanlal Jitmalji Porwal & Ors. (1987) 2 SCC 364 “The entire Community is aggrieved if the economic offenders who ruin the economy of the State are not brought to book. A murder may be committed in the heat of moment upon passions being aroused. An economic offence is committed with cool calculation and deliberate design with an eye on personal profit regardless of the consequence to the community.
Randive and Kadam Associate are the best Advocate for EOW bail / ABA.