IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MRS. JUSTICE K.HEMA WEDNESDAY, THE 26TH NOVEMBER 2008 / 5TH AGRAHAYANA 1930 Bail Appl..No. 7197 of 2008() ----------------------------- CRIME NO.726/08 OF KANNUR TOWN POLICE STATION PETITIONER/ ACCUSED --------------------------------------- RAJEENDRAN.P, S/O.KUNJAPPA NAIR, AREENA APARTMENTS, KADAVANTHRA, COCHIN, ERNAKULAM DIST. BY ADV. SRI.VIJU THOMAS RESPONDENT(S): RESPONDENT/ COMPLAINANT -------------------------------------- STATE OF KERALA, REP; BY SHO, KANNUR TOWN POLICE STATION, KANNUR DISTRICT. PUBLIC PROSECUTOR SHRI.K.S.SIVAKUMAR THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 26/11/2008, THE COURT ON THE SAME DAY PASSED THE FOLLOWING: K.HEMA, J. ----------------------------------------- B.A.No. 7197 of 2008 ----------------------------------------- Dated this the 26th November, 2008 O R D E R This petition is for bail. 2. This is the second application for bail. The alleged offences are under Sections 409, 420, 463 and 477A of the Indian Penal Code. According to prosecution, petitioner is the Managing Director of a Limited Company and he, along with two other accused, persuaded persons by fraudulent representation that if they take share in the company, they will be paid double the profit within a short span of time and though certain persons took shares, no amount was paid to them and thereby they were cheated. De facto complainant paid Rs.55,000/- towards share, but he was not paid profit, nor the money was returned. 3. Learned counsel for petitioner submitted that petitioner is in custody from 24.10.2008 onwards. 4. Learned Public Prosecutor submitted that he has no objection in granting bail, but stringent conditions may be imposed. It was pointed out that petitioner is involved in various other crimes of similar nature and many similar complaints are received against him. BA.7197/08 2 5. On hearing both sides, I find that bail can be granted to petitioner on conditions. Hence, bail is granted to petitioner on the following terms and conditions: i) Petitioner shall execute a bond for Rs.1,00,000/- with two solvent sureties each for the like sum to the satisfaction of the Magistrate Court concerned. ii) Petitioner shall report before the investigating officer on every Saturday between 10 AM and 1 PM until further orders. iii). Petitioner shall surrender the passport, if any, before the Magistrate Court concerned, within seven days from the date of release. iv) Petitioner shall not leave Ernakulam District except with the prior permission of the learned Magistrate. v) Petitioner shall not tamper with evidence or influence the witnesses or intimidate them or commit any offence while on bail and in case of breach of this condition, the bail is liable to be cancelled. Petition is allowed. K.HEMA, JUDGE vgs.