IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO. 3277 OF 2009 Balwant Krishnaji Kulkarni ..... ..... ...Applicant V/s The State of Maharashtra ..... ..... ...Respondent. Mr.J.V.Walujkar, Adv. for the applicant. Mrs.P.P.Shinde, APP for the Respondent. CORAM: A.P.DESHPANDE, J. 10th August, 2009. PC: The applicant is apprehending arrest in CR No.100/09 registered with Miraj city police station for the offences punishable under sections 420, 408, 409, 465, 468, 471, read with section 34 of IPC. After carrying out the audit of the concerned credit society the auditor has lodged the complaint stating therein that the accused persons in collusion and having conspired with one another have misappropriated huge amounts of the credit society which is in excess of Rs.1 crore and thereby cheated the society and depositors. Perusal of the complaint reveals that after falsifying the accounts and taking bogus entries various amounts, over a period of time, came to be siphoned and misappropriated. By the present application the applicant who happens to be internal auditor is seeking anticipatory bail as his application for the said relief came to be rejected by the Sessions Judge. Perused the complaint. Having regard to the nature of defalcation and the modus operandi adopted by the conspirators of the offence a thorough investigation would be needed. According to learned APP internal auditor being key person in the absence of his custodial interrogation the investigation cannot proceed in right direction. Hence application is opposed by filing an affidavit in reply. Perused the 1 affidavit. Having regard to the facts and circumstances of the present case I am of the view that this is not a fit case for grant of anticipatory bail. In the result application stands rejected. 10.8.2009. 2