
“Incarcerated For More Than 7 Yrs, Longer Than Maximum Sentence”: Bombay HC Grants Bail To Conman Sukesh Chandrashekhar In 2015 Ponzi Scheme Case
Live LawThe Bombay High Court on Thursday granted bail to alleged conman Sukesh Chandra Shekhar, booked in a cheating case lodged against him in May 2015 for duping investors in a Ponzi Scheme. A rough and ready calculation of the total period of incarceration suffered by the applicant, in the context of the present case, leads to the period of about seven years and ten months. The judge added that the stand taken by the State that the second period of incarceration cannot be relatable to the present case is a "hypertechnical approach" which has to be rejected at the outset. "Considering the second period of incarceration as starting from October 9, 2017 and adding the same to the earlier period of incarceration between May 29, 2015 and September 10, 2016, the total period of incarceration suffered by the applicant is about seven years and ten months.
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