1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.1534 OF 2010 Sou. Rashmi Sanhiv Banger. ..Appllicant. Vs. The State of Maharashtra. ..Respondent. Mr.A.P.Mungerdi, Sr.Advocate i/by Jayant Bardeskar for the Applicant. Smt.V.R.Bhosale, APP. For the State. Mr.S.P.Kadam, Advocate for the Complainant. CORAM : R.S. MOHITE, J. DATE : 29th April, 2010 PC : 1 This is an application filed by the original accused No.5 in C.R. No.387/2009 registered by Band Garden Police Station, Pune for the alleged offences punishable under Sections 403, 408, 418, 420, 464, 467, 471, 477(A) read with 34 of the I.P.C. It is seen that there are in all six accused in this case. The present applicant is the wife of accused No.5. It appears that crime has been registered on a complaint dated 18.9.2009 2 filed by one Nilesh V. Dhanani who is the Director of Surgeon Realities Ltd. The case of the prosecution is that accused Nos. 1 to 4 who were working at Swizerland with an associated company Suzlon Inftacture Ltd. Subsequently the name of the company was changed into Sinefra Engineering and Construction Ltd. It is the case of the complainant that entering into an conspiracy with other accused the applicant has syphoned all the monies due to the company into various companies owned either singly or jointly with others which includes a company by name Genus Shipping in which the present applicant and her husband accused No.2 have equal share holders. The affidavit indicates that the present applicant was found absconding after the filing of the complaint. In the circumstances, charge-sheet was filed only against the accused Nos. 1 and 2. Their bank accounts, D- Mat accounts, Investments into mutual funds were frozen. Similarly such accounts of the present applicant were also frozen. The total amount in the 3 frozen accounts is about 14-Crores but the investigation reveals that total amount syphoned by the accused is about 75 Crores. It is stated that the present applicant was absconding and since further investigation in respect of the present application is in progress, this is not a fit case for grant of bail. In my view, this is a very complex investigation and the huge amounts appears to have been shifted prior to the freezing of the accounts. From the facts of the case accused persons are having good contacts outside India. It is seen that huge amounts have also come into the account of the present applicant. The Police have made an application for police custody of the applicant and it is yet to be decided. In the circumstances, it is not a fit case for grant of bail before the statutory period of filing charge sheet is over. In the circumstances, application is rejected with liberty to the applicant to file a fresh bail application in the Sessions Court after the charge sheet is filed. If the charge sheet is 4 not filed in time, applicant is also liberty to apply for bail on technical ground. 2 Parties to act on a copy of this order duly authenticated by the registry of this court. ( R.S. MOHITE, J.)