Bail Financial News

Judge Lewis Kaplan has granted a request by federal prosecutors to revoke Bankman-Fried's bail and he will be remanded to custody ahead of his trial, which is slated to begin on 2 October.The judge concluded that there was probable cause to believe that Bankman-Fried has tried to “tamper with witnesses at least twice” since his arrest in December in connection with the collapse of FTX, the cryptocurrency exchange he founded.Prosecutors asked the judge to revoke bail after Bankman-Fried shared private diary entries of his ex-girlfriend, Caroline Ellison, to the New York Times. Ellison, the former chief executive of Bankman-Fried's crypto hedge fund Alameda Research, pleaded guilty to federal charges in December and is cooperating with the prosecution and is expected to testify against her former boyfriend.

cryptocurrency exchange tampered with witnesses at least twice. USA District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial. He rejected a defense request to delay Bankman-Fried's detention pending appeal of the bail revocation. The decision could complicate Bankman-Fried's efforts to prepare for trial, where the 31-year-old former billionaire faces charges of having stolen billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund. Bankman-Fried has pleaded not guilty.

A federal judge has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the release of information to New York Times reporters in an alleged attempt to intimidate witnesses.

Enforcement Directorate (ED) in February 2022 in a case of money laundering. A bench of Justices Aniruddha Bose and Bela M Trivedi was hearing the plea which challenged the order of the Bombay High Court rejecting his bail petition.

A federal judge has approved a joint request from lawyers for Alex Mashinsky and the United States Department of Justice modifying the former Celsius CEO’s bail conditions to include electronic monitoring.

ANI, citing Geo News of Pakistan. Panjotha added that the PTI chief was in high morale despite all such difficulties and vowed to spend his lifetime in jail but wouldn't bow to slavery, reported Geo News. However, the sources said that the PTI chairman, during the meeting with his lawyer, conveyed his concerns regarding the environment at the prison with flies taking over his cell during the day and insects at night.

Supreme Court judge Justice Prashant Kumar Mishra on Wednesday recused himself from hearing a plea filed by former JNU student Umar Khalid seeking bail in a UAPA case related to alleged conspiracy behind the riots here in February 2020. Khalid's petition challenging the October 18 last year order of the Delhi High Court, which had rejected his bail plea in the matter, came up for hearing before a bench of Justices A S Bopanna and Prashant Kumar Mishra. «This will come before some other bench. There is some difficulty for my brother (Justice Mishra) to take up this matter,» Justice Bopanna said at the outset, without assigning any reason for Justice Mishra's recusal. Advocate Rajat Nair, appearing for the Delhi Police, told the bench that they have filed a counter affidavit but there is an objection shown by the apex court registry on it. «There are certain portion of statements which we have extracted, that portion is in vernacular,» he said, adding, «That statement itself is in vernacular.» Nair said he also wants to file relevant portion of the charge sheet filed in the case.

Livelaw reported. Earlier on July 12, the Supreme Court postponed the hearing until July 24 regarding the bail application submitted by Umar Khalid. The application pertains to a UAPA case linked to the purported conspiracy surrounding the North-East Delhi riots that transpired in February 2020.

Blue Star, an Indian military action carried out between 1 and 8 June 1984 ordered by Indira Gandhi to remove Jarnail Singh Bhindranwale and his followers from the Golden Temple of Harmandir Sahib in Amritsar, Punjab. On Saturday protesting members demanded the cancellation of bail granted to Jagdish Tytler and prosecution of him under severe sections of the Indian Penal Code Jagdish Tytler was granted anticipatory bail on Friday on one lac bail bond and like amount surety.

Gujarat High Court has granted regular bail to ex-DGP RB Sreekumar in a case of fabricating evidence to frame people in connection with the 2002 riots, nearly two weeks after the Supreme Court allowed the bail plea of social activist Teesta Setalvad in the same case. The court of Justice Ilesh Vora on Friday gave relief to former director-general of police (DGP) Sreekumar, who is already out on interim bail, on a personal bond of Rs 25,000 and directed him to surrender his passport.

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Enforcement Directorate (ED), according to a report published by the news agency ANI. The top court has granted more time to the federal agency to file a reply on Sisodia's bail plea. It has now deferred the hearing in this case for September 4.

Kattar Hindu Ekta WhatsApp group, who has been named as an accused in a murder case related to the 2020 northeast Delhi riots, saying there was merely one piece of circumstantial evidence against him and its credibility would be assessed at the final stage of the trial. Additional Sessions Judge Pulastya Pramachala was hearing the bail plea of Lokesh Solanki, against whom the Gokalpuri police station has registered a case under various Indian Penal Code (IPC) sections, including those related to murder and rioting.

Delhi High Court has granted bail to a foreign national found in possession of 50 cocaine capsules, which he had swallowed and concealed in his stomach, noting he has been in custody for the past more than six years. The high court noted the trial in the drugs case is yet to be concluded and asked the lower court to expeditiously record the evidence of the remaining witnesses and conclude the trial within six months.

In a letter to Judge Lewis Kaplan, the United States Department of Justice (DOJ) sought the revocation of Sam Bankman-Fried's (SBF) bail, accusing him of attempting to tamper with witnesses, including leaking his ex-girlfriend's diary entries to the New York Times (NYT). These actions, connected to the FTX case, have raised concerns about witness interference.

Vijay Nair in a money laundering case related to alleged irregularities in the Excise Policy (now scrapped) case. Vijay Nair is the former Media and Communication In-charge of the Aam Aadmi Party (AAP) and the former CEO of the entertainment and event management firm Only Much Louder.

PTI. Earlier on 25 July, a case against the three students and the college management was registered by Malpe police for failing to furnish evidence. But on Friday, the the students surrendered before the Additional Civil Judge and Judicial Magistrate First Class Court of Judge Shyam Prakash.

Bhima Koregaon Elgar Parishad case: The 2017-18 Bhima Koregaon Elgar Parishad case saw the arrests of eminent activists like Varavara Rao, Sudha Bhardwaj, Gautam Navalakha, Anand Teltumbe, Stan Swamy, Vernon Gonzalves, and Arun Ferreira among others. Maharashtra Police had conducted raids in Pune, Delhi and other cities across India to arrest members of the Elgar Parishad, which they claim was funded by Maoists.

The Supreme Court on Friday granted bail to activists Vernon Gonsalves and Arun Ferreira, charged with the Unlawful Activities (Prevention) Act (UAPA) in the Bhima Koregaon violence case, reports Bar and Bench.

Supreme Court on Friday granted bail to activists Vernon Gonsalves and Arun Ferreira, lodged in jail since August 2018, in Elgar Parishad-Maoist links case. The court said, «it grants bail to Gonsalves and Ferreira while considering that almost 5 years lapsed since they were taken into custody.

Sam Bankman-Fried, the founder of now-defunct cryptocurrency exchange FTX, is facing tightened bail conditions and the possibility of jail time as he awaits trial over the collapse of his exchange.