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New Delhi: The Delhi High Court has refused to grant anticipatory bail to a mother-son duo, Charu and Aadhar Khera, accused in an alleged ₹400 crore financial fraud case. The court emphasized the gravity of such offences in the commercial and economic world, stating that they require the “utmost seriousness.”
Justice Dinesh Kumar Sharma dismissed the anticipatory bail plea in an FIR registered by Delhi Police’s Economic Offences Wing in 2022, underscoring the necessity of sustained custodial interrogation.
“Such offences are very serious to the commercial and economic world and must be scrutinized with utmost seriousness. The accused persons are in such close relations that the possibility of them not giving correct information to save each other cannot be brushed aside,” the court observed on February 6.
Court’s Observations on Conspiracy and Financial Fraud
The court noted that financial conspiracies are often planned and executed in secrecy, making it difficult to obtain direct evidence, especially when the accused individuals are closely related. “The case involves financial transactions, and in such situations, sustained custodial interrogation seems to be the most vital option,” the court added.
The allegations against Aadhar and Charu Khera were described as “grave” and part of a “well-orchestrated financial fraud” that led to the misappropriation of substantial sums of money.
“The facts in the present case are alarming in nature,” the court stated.
Allegations Against the Accused
According to the police, Ajay Khera and his wife Charu, along with other family members, were at the center of a complex financial fraud scheme. The FIR was filed based on a complaint by the director of Seagull Maritime Agencies Pvt Ltd, who accused Ajay and his son Siddharth Khera of fraudulently siphoning off business and funds from Seagull to their newly incorporated entities—Azure Freight & Logistics LLP and Azure International LLC.
The complainant alleged that the offences spanned multiple jurisdictions through cross-border transactions, resulting in financial offences amounting to approximately ₹400 crore.
Presumption of Innocence vs. Public Interest
The court acknowledged the principle that an accused is presumed innocent until proven guilty but stated that the interests of the complainant and prosecution could not be ignored outrightly.
“The claim of the present applicants that they were merely signatories and did not play any active role cannot be accepted at face value in view of the material available on record,” the court ruled.
With the rejection of their anticipatory bail plea, Charu and Aadhar Khera are now likely to face further custodial interrogation as part of the ongoing investigation into the financial fraud case.
Sources By Agencies
