India, Nov. 5 -- The Delhi High Court has refused bail to two men accused of defrauding investors through fake online trading platforms, observing that cyber crimes transcend geographical boundaries and can be carried out remotely, leaving victims scattered across jurisdictions.

The order was delivered on Monday by a bench of justice Ajay Digpaul while hearing petitions, seeking bail in cases registered under multiple provisions of the Indian Penal Code (IPC), including cheating and criminal conspiracy, and sections 66C (identity theft) and 66D (cheating by personation using a computer resource) of the Information Technology Act.

The FIR was based on multiple complaints lodged with the Intelligence Fusion and Strategic Operations (IFSO)...