SC denies bail to Bulgarian national accused of running fake currency racket in Delhi
New Delhi, June 18 -- The Supreme Court on Wednesday refused to grant bail to Bulgarian national Ruslan Petrov Metodiev, who was arrested in June 2023 for allegedly operating a counterfeit currency racket in the national capital.
A vacation bench, comprising Justices Sandeep Mehta and Prasanna B Varale, observed, "Such acts eat away the vitals of the economy," while dismissing Metodiev's plea for bail.
The bench noted that the foreign national was apprehended with Rs eight lakh in counterfeit currency notes, all in Rs 500 denomination.
"This is not a fit case for the grant of bail," the Court remarked while upholding the serious nature of the offence.
Metodiev was arrested on June 21, 2023, following a raid by the Special Cell of the Delhi...
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