New Delhi, May 23 (PTI) The economic offences are moreserious than usual crime, directed against a person, as theyaffect the country and put a question mark on its governance,the Delhi High Court today said while dismissing the bail pleaof five corporate honchos in the 2G case.
"The offences against body or property generally affectone or a few victims but the economic offences involvingexploitation of public offices have a potential to impact thesociety at large," Justice Ajit Bharihoke said.
"This is an offence of highest magnitude which not onlyimpacts the society at large but also puts a question mark onthe governance in the country, which can adversely affect theeconomy of the country." the court said.
The remarks were made by the court while denying bail toUnitech group MD Sanjay Chandra, Reliance ADA Group MD GautamDoshi, group president Surendra Pipara, senior Vice-presidentHari Nair and Swan Telecom co-promoter Vinod Goenka.
"When a loss is caused to the state exchequer, everycitizen suffers because the money could have been used for thedevelopment of the country or for public welfare measures likefood, health, education etc," the court said.
It did not accept the arguments of senior advocate RamJethmalani that allegations against corporate leaders were ofcivil nature and the alleged offence cannot be termed as agrave offence.