Indian Court Rejects Bail for Suspect in $228 Million Cryptocurrency Fraud

The Himachal Pradesh High Court has denied bail to Abhishek Sharma, an alleged suspect involved in a major cryptocurrency fraud case that defrauded over 80,000 investors in India of nearly $228 million. The court’s decision cited the severity of the economic violation and its potential societal impact, emphasizing that public interest outweighs individual rights regarding bail at this stage of the investigation.