Pandey Granted Bail in Rs.329 Lakh Fraud

Authority: High Court of Punjab and Haryana at Chandigarh

Order Date: 15 July 2026

Petitioner: Piyush Pandey, 19 years old.
Respondents: State of Haryana and another (including co‑accused Santosh Pandey).
FIR Details: FIR No. 173 dated 23‑Oct‑2025 under Sections 316(2), 318(4), 338, 340 and 61 of the BNS Act, 2023, registered at Police Station BPTP, Faridabad.
Allegations: Creation of a forged bank account No. 120790200000033 in the name of Asrec India Limited; misrepresentation to complainant Shubham Jain, Director of Shri Energy Developer Private Limited, promising facilitation of transfer of 80 acres of land owned by Pashupati Fabric Limited; receipt of Rs 3,29,00,000 which was credited on 09‑Sep‑2025 and subsequently transferred to co‑accused Santosh Pandey and other associated accounts.
Additional Proceedings: FIR No. 288 dated 29‑Oct‑2025 (same sections) at Police Station Sarai Khawaja, Faridabad; a similar case in Delhi where petitioner is already on bail.
Current Status: Petitioner detained since 02‑Nov‑2025 (approximately nine months); the defrauded amount of Rs 3.29 crore has been reimbursed to the complainant; 19 prosecution witnesses remain unexamined; father Santosh Pandey was granted bail on 17‑Apr‑2026 (CRM‑M‑19179‑2026).

The Court, without commenting on the merits, grants regular bail to petitioner Piyush Pandey, subject to furnishing bail/surety bonds satisfactory to the trial court/Chief Judicial Magistrate/Illaqa Magistrate/Duty Magistrate concerned.
Conditions imposed:
Bail may be cancelled immediately if the petitioner is found indulged in any other offence, including of a similar nature.
The petitioner shall not threaten or influence any prosecution witness, directly or indirectly.
The trial court is expected to decide the case expeditiously based on evidence on record.

Topics: Bail, Fraud