‘Cryptocurrency not ‘money’ under PCMCS Act’; Orissa High Court grants bail in cryptocurrency ponzi scheme case
“Mere dealing in cryptocurrency cannot be treated as illegal.
“Mere dealing in cryptocurrency cannot be treated as illegal.
The Court stated that the allegations against the police officers are serious, and the latter need to respond to them.
“For attracting the provision of Section 420 of the IPC, the FIR/complaint must show that the ingredients of Section 415 of the IPC are made out.”
This report covers the Supreme Court’s Never Reported Judgment dating back to the year 1952 on Section 420 of the Penal Code, 1960.
It is the case of the prosecution that accused actively connived along with the co-accused in projecting herself to be a partner along with the complainant to obtain an overdraft facility from the bank.
The offence in the present case does not only cause harm to the victim in this case, but it is also fundamentally detrimental to the entire legal system.