In the matter concerning Saini was among several arrested earlier this year for duping people into investing for a cryptocurrency dubbed Cash coin, promoted as being similar to the Bitcoin. After busting the racket in February last year, the Mumbai police had arrested Saini along with three others in June 2018 wherein the Delhi Police are also probing the 100 crore scam.
The Apex Court granted bail to Baljeet Saini, one of the prime accused in the Cashcoin cryptocurrency scam. Bail was allowed by a Bench comprising of Justices Rohintan Fali Nariman and S Ravindra Bhat subject to Saini furnishing a Rs 1 lakh personal bond and a surety of equal value.
Further, Saini has been directed by the Supreme Court to deposit Rs 15 lakh with the Court Registry within six months. This amount is to be kept in an interest bearing short-term fixed deposit of a nationalised bank. Apart from these stipulations, bail was granted subject to the following conditions:
Therefore, the highest court of record granted bail to the main accused Baljeet Saini in Rs 100 crore Cashcoin Cryptocurrency scam.