A Delhi court has denied bail to a man accused of cheating people by inducing them to invest money in different schemes promising exceptionally high returns, saying economic offences were posing serious threat to the financial health of the country. The court dismissed the bail application of the accused and stated that the allegations against him were grave and serious in nature. The accused was one of the directors of a company and used to cheat people by persuading them to invest money in schemes with the promise of exponential returns. Over 200 complainants have come forward. The court emphasized the need to view economic offences seriously and consider them as grave offences affecting the economy of the country. The accused had claimed that he had resigned from the company and had no role in running its affairs. However, the prosecution opposed the bail application and alleged that the accused received money in his bank account even after his resignation. The case was registered on the complaint of an investor who had invested a sum of money and was assured high returns. The accused persons disappeared after some time. The prosecution has filed a charge sheet under various sections of the IPC and the Prize Chits & Money Circulations Schemes (Banning) Act.