Himachal Pradesh High Court Denies Bail in ₹500 Crore Crypto Fraud, Cites Public Interest

The Himachal Pradesh High Court has refused bail to an accused in a ₹500-crore cryptocurrency fraud, stressing that large-scale economic crimes involving deep-rooted conspiracies must be viewed seriously.

Justice Sushil Kukreja held that prolonged custody alone is not a ground for bail where public interest is at stake. 

The Court noted over 80,000 investors suffered massive losses, with the petitioner, a close associate of the main accused and a key promoter. 

Allegations include running Ponzi-style crypto schemes via multiple websites. Bail was denied despite nearly 21 months in custody. 

[Abhishek Sharma v State of H.P. & Ors.]