Queency Jain –
A Delhi Court has granted bail to Raksha J. Urs who was lodged in jail for about 8 years and 6 months in connection with defrauding more than 2000 people.
The bail was granted observing the delay in her trial and that being a lady she was entitled for benefit of proviso to Section 437 of CrPC.
The accused was arrested back in 2012 along with her husband, Ulahas Prabhakar by the Economic Offence Wing (EoW) of Delhi police as they both were involved in cheating people under the name of their company Stock Guru India.
However, Rakha cannot get out of the jail as she did not get bail in all the cases and there are still 2 cases in Delhi and 1 case in Uttar Pradesh pending against her. The Court asked Raksha to submit a personal bond of Rs. 5 lakhs and one surety of same amount as against the bail.
Observing that the accused has 2 daughters who were left without the love and affection of her mother and that there was no fault of the accused in the delay of her trial, the Court approved her bail application.
However, the Court has imposed certain restrictions like she will not be allowed to leave Delhi and also hamper any evidence or influence any witness.
The Court observed that because of the delay in her trial her fundamental right to life, which is mentioned in the article 21 of the Constitution, is infringed.
Raksha was arrested along with her husband as they were alleged for committing fraud with people by holding seminars and inducing people to invest in their company.
Though, out of 35 cases she has been acquitted in 17 of them, Delhi police has accused her of duping several investors across seven states by promising them high returns from her company Stock Guru India.