BANGALORE: The Karnataka high court has rejected bail to a man who was found in possession of fake currency totalling upto Rs 20 lakh.
“Having regard to the nature and magnitude of offences and also having regard to the interet of nation and the society at large, I decline to release the petitioner on bail,” Justice N Ananda has observed while dismissing a bail petition filed by one Bhupal alias Balu, a resident of Uttarahalli, Bangalore.
“The investigation records reveal that the petitioner was arrayed as ninth accused for trafficking counterfeit notes in this country and the same were being supplied to him by other accused from Bangladesh and Pakistan. The information given by co-conspirators, petitioner was in possession of 4,000 fake currency notes of Rs 500 denomination. The object of larger part of conspiracy is to commit terrorist activities in this country and also weaken the economy of this country by trafficking in counterfiet notes,” the judge has further noted.
The counsel for the petitioner argued that the petitioner cannot be detained in judicial custody during trial and his fundamental rights cannot be take away. However, Vijayakumar Majage, government pleader contended that there is a prima facie case against the petitioner and individual liberty cannot ouweigh the interest of nation and society at large.