Chennai, March 24: The Madras High Court today cancelled the bail granted by a lower court to AIADMK former MP KC Palanisamy in a case relating to cheating a company of Rs 78 crore.
Palanisamy had allegedly siphoned off the money deposited by one Cheran Enterprises (P) Ltd in its bank account, by forging a board resolution and diverting the money to the bank accounts of some other accused in the case, who are absconding.
Passing the order, Justice M Jeyapaul said the criminal antecedents projected by the investigating agency (Central Crime Branch) were not considered by the Additional Chief Metropolitan Magistrate Court which granted the bail and said Palanisamy's release at this "crucial stage" would deal a deathblow to the investigation.
The Government advocate had contended that if let on bail, Palanisamy could tamper with the evidence "using his stature acquired as Ex MP or Ex MLA -Agencies
Chennaionline.com ;Published: Tuesday, March 25, 2008
About Me
- Kamal Kumar Pandey (Adv. Supreme Court of India)
- Lawyer Practising at Supreme Court of India. Court Experience: Criminal, Civil & PIL (related to Property, Tax, Custom & Duties, MVAC, insurance, I.P.R., Copyrights & Trademarks, Partnerships, Labour Disputes, etc.) Socio-Legal: Child Rights, Mid Day Meal Programme, Sarva Shiksha Abhiyaan, Women Rights, Against Female Foeticide, P.R.Is, Bonded Labour, Child labour, Child marriage, Domestic violence, Legal Literacy, HIV/AIDS, etc. Worked for Legal Aid/Advise/Awareness/Training/Empowerment/Interventions/Training & Sensitisation.
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