Overview
- The court cited her more than four months in custody, decade-old alleged transactions, and a stalled predicate case because main accused Amit Gupta is a proclaimed offender who remains unarrested.
- Bail terms require a Rs 2 lakh personal bond with two sureties, surrender of passport, disclosure of contact details to investigators, and no overseas travel without court permission.
- Prosecutors allege an approximately ₹6 crore fraud tied to film-investment promises, with about ₹5.43 crore moving through banking channels and roughly ₹1.03 crore credited to Virk’s accounts.
- The order notes prosecution claims that funds were linked to a Mumbai flat later transferred to Virk via gift deed, and records that Gupta returned ₹2.7 crore, leaving about ₹2.8 crore in dispute.
- Earlier, police did not chargesheet Virk in the 2016 FIR and a magistrate declined cognisance in a private complaint, even as the ED now also alleges use of a fake e-commerce site, hyboocare.com.