1 CR.APP. 1960.2009 IN THE HIGH COURT OF JUDICATURE AT BOMBAY, BENCH AT AURANGABAD. CRIMINAL APPLICATION NO.1960 OF 2009. Khaja Ateequazzaman s/o Mahmood Farooque ...Applicant. Versus 1. The State of Maharashtra & another. ...Respondent. ... Mrs.S.S.Jadhav, Advocate for the applicant. Mr.J.S.Gavane, APP for the respondent. ... CORAM: A.V.NIRGUDE,J. Date : 23rd June, 2009. COURT'S ORDER: 1. The applicant is seeking anticipatory bail in Crime No.42/2009 registered at City Police Station, Beed on 6th May, 2009. Offences punishable under Sections 409,408,406, 467, 468, 477(A), 109, 420, r/w 34 of the Indian Penal Code are alleged against the applicant and others. 2 CR.APP. 1960.2009 2. The applicant was Director of certain co- operative bank. The accounts of the bank were examined and audited and it was found that the bank had made advances to various unworthy debtors and a huge amount was in serious jeopardy. Though the applicant was one of the Directors, he attended only two meetings of the bank as the Director of the bank. The crucial meeting which he attended was hold on 16th of March, 2007 when at the end of the meeting a dubious resolution is shown to have been passed. This resolution, in one stroke sanctioned loans to as many as 9 persons who were the employees of the bank. The amount involved was Rs.1,34,50,000/-. But having perused the minutes of the meeting, it appears that this resolution was probably added subsequently by the interested parties namely the employees of the bank, surreptitiously got sanctioned the loans to themselves. The applicant after receiving notices from the auditor submitted his reply explaining his position. He also added that the debtors of the bank, to whom he personally recommended loans cleared theirs dues at his request after the audit report was filed. I think, he deserves anticipatory bail. The application is allowed. i) In the event of his arrest in this case, the 3 CR.APP. 1960.2009 applicant shall be released on bail of Rs. 10,000/-(Rs. Ten Thousand only) with one surety in the like amount. (A.V.NIRGUDE,J.) lkp.