Bail Granted to Sontu Jain in Axis Bank Locker Case

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The Nagpur Bench of the Bombay High Court has granted bail to Sontu alias Ananth Navratan Jain, an online gaming fraudster, in the Axis Bank locker case.

Jain’s bail application was allowed in the second FIR, which was lodged against him at Gittikhadan Police Station. The FIR accused him of hatching a conspiracy with Dr. Bagga, Khandelwal, and Kothari to shift substantial amounts from the bank. They devised a plan that involved opening three new lockers in Dr. Bagga’s name in the same branch of Axis Bank in Gondia and transferring crores of rupees and gold from the Jain family lockers to the newly established lockers of Dr. Bagga

After successfully moving the gold and cash into Dr. Bagga’s lockers, Khandelwal and Dr. Bagga handed the valuables to Kothari on July 30. On October 20, the City police raided Dr. Bagga’s house and seized 3 kilograms of gold and Rs 1.35 crore in cash, which were found from a well. Sontu was arrested in this case in November last year. The court has allowed his bail application in this case

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Investigation into Online Gaming Fraud Case

The investigation into the online gaming fraud case began when Vikrant Agrawal filed a complaint, alleging that he had been defrauded of Rs 58 crore by the gaming platform. Agrawal claimed that the gaming results had been manipulated, resulting in substantial financial losses for him. As part of their investigation, the police conducted several raids. On July 22, the police raided Sontu’s residence in Gondia, where they seized Rs 17 crore in cash, 14 kg of gold, and 294 kg of silver, with a combined worth of Rs 27 crore

Conclusion

Sontu Jain, an online gaming fraudster, has been granted bail in the Axis Bank locker case by the Nagpur Bench of the Bombay High Court. The investigation into the online gaming fraud case began after a complaint was filed by Vikrant Agrawal, who alleged that he had been defrauded of Rs 58 crore. The police conducted raids and seized a significant amount of cash, gold, and silver from Sontu’s residence.

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