Section 497 Foreign Exchange Regulation Act (VII of 1947), Sections 4 and 23 In the foreign exchange unauthorized business, the amount of foreign and local currency was recovered from it. Among the convictions was that no independent witness was associated with the recovery memo. That the offense for which the accused was charged was two years imprisonment or a fine or both, and bail in such cases was a rule and the refusal was exempt. That the investigation in this case was completed and the accused was no longer needed for the purpose of investigation, and that the accused was the first offender, nothing on the record showed that the accused was the exclusive owner of the company / alleged business / Was the director. A report was filed against the father of the accused and it is not yet known whether the accused was active in the business or the visitor was at his father's place at the time of the raid against the accused. The prohibition clause of section 497 did not come up, the CRPC suspect was the first offender The prosecution did not show that the accused needed further investigation and the accused was allowed to request bail and he was released on bail. \ r \ n
Related judgments — Peshawar High Court NWFP, 2012
