1 BA 805.11.sxw JPP IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE SIDE JURISDICTION CRIMINAL BAIL APPLICATION NO. 805 OF 2011 Mr. Masood Sayyed Jamadar ... Applicant. V/s. The State of Maharashtra & Anr. ... Respondents. Mr. D.U. Mirajkar a/w. Mr. Sanjay Agarwal i/b. Mr. Yogesh M. Rohira for the Applicant. Mr. K.V. Saste, APP for the State. Mr. Mubin Solkar for the Original Complainant. CORAM : A.M. THIPSAY, J. DATED : 9th JUNE 2011. P.C. :- Heard Mr. Mirajkar, learned Advocate for the Applicant and Mr. K.V. Saste, learned APP for the State. I have also heard Mr. Solkar, learned Advocate who appeared on behalf of the first informant and opposed the application. The reply of the first informant to the bail application is taken on record. 2. It cannot be said that there exists no prima-facie case against the Applicant. As per the averments made in the FIR, amount invested by 749 members of the Investors' Association have been mis-appropriated and the total 2 BA 805.11.sxw principal amount of the investors is said to be more than Rs.17,40,00,000/-. 3. Mr. Mirajkar explained certain difficulties, on account of which the amounts of the investors could not be repaid. However, no deeper probe in the matter at this stage is possible. 4. It is not in dispute that all the other accused in the case have absconded. It is pointed out to me that even the wife of the Applicant, who is an accused in some other case, and was released on bail, has absconded. It also appears that the Applicant was involved in cases of similar nature in the year 2002, itself. 5. Considering all these aspects of the matter, it is not desirable to release the Applicant on Bail. 6. The Application is rejected. (A.M. THIPSAY,J.)