1 mpt IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO. 4601 of 2009 Premchand Ashok Kamble ... Applicant versus The State of Maharashtra ... Respondent ... Mr.A.P. Mundargi, Sr. Advocate with Shri Jayant Bardeskar, Hrishikesh Mundargi, Avinash Kamkhedkar and Ms.Swapna Kode for the applicant. Ms.M.H. Mhatre APP for the State. CORAM : D.G. KARNIK, J. DATED : 22nd February 2010 P.C. 1. Heard. 2. By this application, applicant seeks bail in connection with C.R.No. 606 of 2007 registered at Pune Police Station, for an alleged offence punishable u/s.406, 420 r/w section 34 of the IPC. 3. According to the prosecution, applicant is a founder/owner of Unique Fincorp which floated different schemes for purchase of different models of cars/motor vehicles. The investors were required to 2 invest money for purchase of the motor vehicles which were to be given on lease and investors were to be paid certain returns. A FIR was lodged by Sachin Digambar Gaikwad that the scheme was fraudulent. He had invested money but he was not given the promised returns. On that basis of the complaint, investigation was carried out and the applicant was arrested in November 2007. A charge-sheet has been filed but the trial has not commenced. The applicant is in jail since November 2007. 4. Since the investigation is complete and the charge-sheet has also been filed, presence of the applicant is not necessary for the purpose of custodial interrogation. There is no allegation that applicant is likely to threaten any of the witnesses or run away in the event he is released on bail. In the circumstances, in my view, applicant can be granted bail. Hence, I pass the following order:- O R D E R Applicant be released on bail, unless required in any other offence on his executing P.R bond of Rs.15,000/- with one surety of the like amount subject to a condition that applicant shall report his attendance to the EOW, Thane once a month between 1st and 5th of every British Calendar Month. (D.G. KARNIK,J.)