Code of Criminal Procedure, 1973–Sec. 439–Penal Code, 1860–Secs. 420-B, 468, 471 & 109–Bail–Declined by Courts below–Justification–Serious economic offense which resulted in the loss to State–Primary reason of seriousness of charge accepted by District Judge and High Court amounts to a denial of normal rule of the bail system–Second ground of declining the bail that there is the possibility of the accused’s tempering with witnesses–High Court did not deal the issue of tampering with the prosecution witnesses in a proper manner–Maximum punishment is provided for seven years–Investigation has been completed and charge-sheet has been filed–Seventeen accused’s–Several hundred pages of statements of witnesses–Trial will take considerable time–If the bail is declined, appellants will remain in the jail for the period more than the period of conviction–Held, appellants are entitled to bail.
