₹640 crore cyber fraud: SC refuses anticipatory bail to CA in ED case

The Supreme Court of India has denied anticipatory bail to a chartered accountant (CA) implicated in a significant ₹640 crore cyber fraud case. The Enforcement Directorate (ED) is investigating the matter, which involves allegations of financial misconduct and the misappropriation of funds. The CA, who has been accused of facilitating the fraudulent activities, sought bail on the grounds of being falsely implicated and having no prior criminal record. However, the court emphasized the severity of the charges and the potential risk of tampering with evidence if bail were granted. This decision is part of a larger crackdown on cyber crimes in India, where authorities are increasingly focusing on financial fraud cases that exploit technological vulnerabilities. The case has raised concerns about the growing sophistication of cybercriminals and the need for stringent regulatory measures to protect financial integrity. As investigations continue, the ED is expected to pursue further leads to unravel the broader network involved in this massive fraud scheme.