New Delhi, July 15 -- The high court on Monday denied bail to a businessman accused of duping over 50 people of Rs.50 lakh through fraudulent investments, saying that such dealings have a "profound impact on the economy by dissolving legitimate currency into untraceable money". Justice Girish Kathpalia was hearing the bail plea of Umesh Verma, owner of Dubai-based Pluto Exchange, who was arrested in December 2020 in a cheating case registered by the Economic Offences Wing. The case was filed by Joginder Kumar, who alleged that Verma lured him into investing Rs.5 lakh in cryptocurrency, promising monthly returns of 20-30%. Kumar later discovered that dozens of others had also invested, nearly Rs.50 lakh. When returns stopped, Verma allegedly...