A Delhi court has denied bail to a man accused of being part of a gang that allegedly cheated a company of Rs 10.4 crore by impersonating its managing director.
Additional Sessions Judge Shivani Chauhan was hearing a bail plea moved by Amit Kumar and dismissed the plea, saying that the allegations against him were serious and the possibility of his absconding or committing a similar offence could not be ruled out.
In an order dated August 17, the court said, “There is a possibility that accused/applicant might abscond and can commit a repeat offence, if released on bail, cannot be ruled out. Hence, the bail application of the accused Amit Kumar is dismissed and disposed off accordingly.”
According to the prosecution, an unidentified person impersonated Sidharath Jain, managing director of INOX Air Products, by using his profile picture from a different mobile number.
The complainant, Girish Amin, a deputy general manager in the company's accounts department, believed the impersonator to be Jain and transferred around Rs 10.4 crore to different bank accounts between June 3 and June 15, 2026.
The fraud came to light when Amin sought invoices from the office for the payments.
The court noted that Rs 9.8 lakh of the cheated amount was transferred to an HDFC Bank account in Jasola. When a large amount was being withdrawn from the account, the bank manager became suspicious and alerted the police.
Police verified the transaction and found that the money was allegedly proceeds of the cheating. It was being withdrawn by co-accused Vikas Bind, while Kumar and two other accused, Fayaz and Vansh, were allegedly waiting outside the bank to receive the money. They were apprehended from the spot, the court noted.
Kumar's counsel argued that he was a security guard, had been falsely implicated, had no previous criminal involvement and that no recovery was required from him.
The prosecution opposed bail, saying the offence involved cheating of Rs 10.4 crore through impersonation.
The court also noted that co-accused Ranjan, alleged to be the mastermind, was still absconding.
"In the present case, the allegations are serious in nature and the possibility of the accused absconding or committing a repeat offence could not be ruled out," the court said while rejecting Kumar's bail plea.
The case was registered at Sarita Vihar police station under provisions of the BNS relating to cheating, forgery and criminal conspiracy.