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High Court granted bail to two applicants in an economic crime case, finding jurisdiction under EOCCA and imposing strict conditions, including a deposit and passport surrender.
The High Court has jurisdiction to grant bail in this economic offence case as the loss alleged exceeds the statutory threshold and committal proceedings have not commenced. The offences are bailable, the respondent does not object, and bail is a right of the accused. However, the first applicant's status as a foreigner requires the imposition of conditions to ensure appearance at trial, including evidence of fixed abode and surrender of travel documents.
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