Woman accused of cheating people of crores denied bail

Tribune News Service

Chandigarh, September 2

The Court of Additional Sessions Judge Sanjiv Joshi has rejected the anticipatory bail application of Munmun Ghosh, wife of Saurav Ghosh, former official of a private bank. She is facing the charges of cheating several high-profile people of the city.

Munmun sought the pre-arrest bail in a case registered on March 17 this year under Sections 420 and 120-B of the Indian Penal Code (IPC) on a complaint by Kuldeep Singh Grewal.

In his complaint, Grewal had alleged that officials of a private bank duped him and 10 more persons, including two former judges of the Punjab and Haryana High Court.

He alleged that they were cheated by the relationship manager in the Delhi branch of a private bank. The complainant had lost Rs52.50 lakh, while his relatives/friends lost up to Rs6.60 crore.

The public prosecutor opposed the bail application, alleging that Saurav had lured these people to invest money in the bank on the pretext of returning the amount with an interest of 18 per cent to 20 per cent per annum.

The prosecutor claimed that Munmun was a party to the fraud as she was the director in one of the companies to which Saurav fraudulently transferred money on forged signatures.

After hearing the arguments, the court rejected her anticipatory bail application.