Bengaluru court denies bail in Rs 90 lakh cyber fraud case; cites threat to financial trust

BENGALURU: Noting that in an era where online transactions are the lifeblood of commerce, finance, and communication, any compromise in their integrity has severe repercussions for society as a whole, a city civil and sessions court rejected the anticipatory bail petition filed by an accused in a cyber crime case.

Kiran S from Rajajinagar is facing charges of introducing the complainant, Maharudra, to another accused, who allegedly got Rs 90.45 lakh transferred from the bank account of the complainant’s wife after he joined the Whatsapp Group created by the accused for online stock trading.