AB 1945/2011 BEFORE HON’BLE MR. JUSTICE K. MERUNO Heard Mr. A. R. Sikdar, learned counsel for the petitioner and also Mr. B.S. Sinha, learned Addl. P.P., Assam. By this application u/s 438 of the Code of Criminal Procedure, the accused/peti tioner is praying for releasing him on pre-arrest bail in the event of his arres t in connection with Salbari P.S. Case No. 31/11 corresponding to GR No. 1284/11 registered under Sections 420/406/409/34 IPC. Heard the learned counsel for the respective parties and also perused the statem ents recorded in the case diary as narrated by the learned Addl. P.P., the conte nts of which this Court presumes to be the correct statements recorded in the ca se diary. The learned Addl. P.P. further submits that the accused/petitioner is the proprietor and owner of a private financial institution namely Millennium Mu lti Service a Unit of Seventh Sky Real Estate & Multi Services Pvt. Ltd. of Mill ennium Growth Plan, who has also been named in the FIR. Such a financial institu tions are operative in the State as well as throughout the country involving hug e amount of money and innocent investors are being cheated. Considering not only the submission of the learned Addl. P.P. but what have been revealed from the CD prima facie show that there are incriminating evidence col lected by the Investigating Agency to implicate the petitioner in connection wit h the aforesaid case and such privilege of pre-arrest bail provided under S. 438 CrPC is not likely to be granted to the accused/petitioner. In this view of the matter, this pre-arrest bail application stands rejected at this stage.