‘Easy Money is a trap’: Delhi Hc Quashes Cheating Case Against Man

Thos Driven by Greed Knowingly Accept The Risks involved and must also bear the consortes, the delhi high court said white Quashing a 2 Crore Cheating Case Filed Against a Man Accused Investors by Promising Monthly Returns at 24% per annum.

Justice Arun Monga, In His 35-Page, Strongly Worded Verdict Released On Monday, termed “Easy Money” as a “Trap” and Warned Against Chasing Unrealist Returns. Individuals lured by unrealistic Financial Returns Cannot Later Claim to be a Victim of Fraud, The Court Said.

“Thos who gamble with impractical promises must own their risks. People, lured by unrealistic return, first willingly Dive into Financial Traps and Later Cry Cry Foul, Running to Seek Help. Uncomfortable, but Necessary Reality is that IF You Choose to Chase Extraordinary Gains, You must prepared for extraordinary losses, ”Justice Monga said in his agent 13 Verdict.

He added, “If you choose green, you choose risk, and if you choose risk, you choose consequences. Every Dreamer Chasing Quick Riches-It is a wake-up call.

The case originated from an Fir filed by the Delhi Police in 2019 Under Section 420 (Cheating) of the Indian Penal Code. The three complannts alleged that the accused has promised to pay interest at 24% annual for six for sixs on an investment of 1.5 Crore in a company, but laater failed to return bot the interest and the Principal Amount. They also claimd the man had induced them to buy a 1.25% stake in a company for 43.66 lakh, which was never refunded.

Ultimately, the court quashed the case, observing that even after six years, the police had failed to file a complete chargesheet. It noted that the allegations in the fir lacked the essential elements of the offense of cheating, stating that what was essentially a civil dispute hand ben disguised as a criminal case. The Investigating Agency’s Conduct, The Judge said, reflected “Gross Negligence” and “Lack of Due Diligence.”

“What is essentially a civil dispute has been camouflained as a criminal case. No satisfactory explanation has been offered for the six-yar delay, which vitiate of the nant Serious Doubts about the Bona Fide of the Prosecution, “The court maintained.

The Judge, in his verdict, also emphasized the ripple effects caused by investors pumping money into unstainable ventures, say that that the same has the likelihood of harming genuine elements Equilibrium.

“Greed is not just a personal flw, it creates ripple effects. When investors pump money INTO UNSUSTAINABLE Vents, they inflate bubbles that harm genuine end users and distart market Equilibrium. And when the BUBBLE BURESTS, they expert them as Victims, Absolving them of All Responsibility. And SuccCumb to Unrealistic Promies Must Understand that their choices carry consortequence.