In Brief
The Supreme Court set aside the High Court's bail order for Ramendu Chattopadhyay, who was accused of orchestrating a fraudulent chit/prize scheme under the Prizes and Chit Money Circulation Scheme (Banning) Act, 1978, and related offences. The Court held that bail should not be granted when investigators have not yet determined the total investor funds siphoned off and when the accused's freedom risks interference with asset realization for victim compensation.
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