Mumbai Sessions Court Refuses Anticipatory Bail To 5 Accused In ₹3.94 Crore SEBI Computer Parts Theft Case
Mumbai, August 11, 2026: A sessions court has refused to grant anticipatory bail to a computer engineer and four others booked on a complaint filed by the Securities and Exchange Board of India (SEBI) for the alleged theft of computer parts causing a loss of Rs 3.94 crore. SEBI had awarded a contract to Inmac Computers Limited (ICL) for the supply of computers, their maintenance and the provision…
Mumbai's sessions court has denied anticipatory bail to a computer engineer and four other individuals accused of a Rs 3.94 crore computer parts theft case, according to SEBI. The Securities and Exchange Board of India had awarded a contract to Inmac Computers Limited (ICL) for supplying computers, maintenance, and manpower. SEBI purchased computers with 64 GB RAM, but an inquiry revealed that engineers from ICL allegedly stole RAM modules, causing a loss when the systems' performance suddenly slowed.
The court noted SEBI and ICL's communications and ICL's admission of employees removing seven RAM modules for repair purposes, but the modules were stolen from their custody. The court questioned the difficulty in fairly communicating with the informant and taking action against the responsible employees, suggesting a thorough investigation is necessary to uncover the truth.
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