Srinagar, Dec 30:  A local court has rejected bail application of an accused who allegedly misused Credit Card pin codes of other persons for monetary benefits.  
 “It is premature to release the accused on bail as his custody is likely to reveal more information which may help simultaneous investigation into other complaints,” says the order.
 Chief Judicial Magistrate Srinagar, Rajeev Gupta, rejected the bail application of the accused after hearing arguments from the Chief prosecuting officer, Afaq Ahmad with advocate, counsel for the complainant, Bashir Sidiq and counsel for the accused, Shakeel  Zahgeer.
 “It transpires that during course of investigation, offence under sections 420 (cheating), 467(forgery for the purpose of cheating), 5069 (Criminal Intimidation) of RPC and under various sections of IT Act have been committed by the accused,” the court said.
 A maximum punishment of five and ten years under RPC and IT Act is awarded to the accused if convicted under the said acts.
 Police is looking for Sheikh Sameer, a travel agent from Mumbai also accused of hacking.  Ali Muhammad Para accused of misusing the credit cards of others was held responsible by the IT experts and police for usurping Rs 6.50 lakh, had moved a bail application before CJM on the grounds that he has been arrested by police on December 13, 2011 from his office Meera Road Bombay without any cause or justification, pleading innocence.
 Though, counsel for the accused argued before the court that the accused was to be presumed innocent unless proven guilty.
 “Investigating officer has already collected evidence from the accused, computers have been seized and statements of the witnesses have been recorded and investigation of the case is almost complete, so he deserves a bail,” he told the court.
 The CPO informed the court that by cheating the hoteliers and owners of the house boats, accused has earned lot of money.

Lastupdate on : Fri, 30 Dec 2011 21:30:00 Makkah time
Lastupdate on : Fri, 30 Dec 2011 18:30:00 GMT
Lastupdate on : Sat, 31 Dec 2011 00:00:00 IST