In Brief
A financial company engaged in deposit collection assured depositors 8-10% annual interest but denied return of deposits upon maturity and subsequently closed down. The appellant, an Area Manager, was convicted for criminal breach of trust and cheating under IPC Sections 409 and 420, along with conspiracy charges. The Trial Court, Appellate Court, and High Court all recorded concurrent findings of guilt and imposed sentences initially ordered consecutively, which the High Court modified to run concurrently. The Supreme Court upheld the conviction and sentencing, holding that concurrent findings cannot be re-appreciated unless wholly perverse, and that courts have full discretion under Section 31 CrPC to order concurrent sentences based on case circumstances.
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