Srinagar, Dec 30 : The Chief Judicial Magistrate Srinagar has denied bail to Gurpreet Singh, the prime accused in a digital fraud case involving the defrauding of a senior citizen of ₹21 lakh.
As per the news agency the case, registered under FIR No. 26/2024 at the Cyber Police Station, Kashmir Zone Srinagar, uncovered a sophisticated scheme where the accused allegedly operated a “mule account” to launder illicit funds. The victim, an elderly individual, was manipulated into prematurely closing fixed deposits and transferring the funds under false pretenses.
During the hearing, the court was presented with substantial evidence implicating the accused. In his order, the CJM observed: “Cybercrimes like this are calculated and deliberate acts that exploit victims for personal gain, leaving them financially and emotionally devastated. The collective interest of society outweighs the individual liberty of the accused in such cases.”
The court stated that broader implications of economic crimes have a detrimental impact on public trust, financial stability, and societal welfare. Referring to landmark Supreme Court judgments, the CJM stated that economic offenses necessitate a stringent and uncompromising approach due to their intricate and far-reaching consequences.
Assistant Public Prosecutor, Mr. Mohammad Lateef, argued against granting bail, outlining how the accused coordinated with accomplices to operate accounts designed to obscure the origins of the stolen funds. He also highlighted the immense suffering inflicted on the victim, including psychological distress and financial hardship
