SC Refuses Anticipatory Bail to CA in Rs 640 Crore Cyber Fraud ED Case

• The Supreme Court denied anticipatory bail to a chartered accountant, Bhaskar Yadav, in a Rs 640 crore cyber fraud and money laundering investigation.
• The SC upheld the Delhi High Court's order, which had directed Yadav to surrender within 10 days.
• The High Court emphasized the need for custodial interrogation due to an "intricate mesh of laundering of money" by skilled professionals.
• The probe involves a vast network of money movement, fraudulently extracted from gullible middle-class investors through betting, gambling, and phishing scams.
• The ED's investigation stems from two EOW FIRs and alleges siphoning of funds through over 5,000 mule Indian bank accounts and a UAE-based payment platform, PYYPL.