1 BA 1614 OF 2011 vks IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL BAIL APPLICATION NO.1614 OF 2011 Anwar Hassan Ali Sayyed .. Applicant. -versus The State of Maharashtra .. Respondent. Mr. S. V. Kotwal with Mr.Pralhad D. Paranjape, for the applicant. Mrs. P. P. Bhosale, APP for the Respondent State. CORAM: R.C. CHAVAN, J. DATED: 24th November, 2011 P.C. 1. This is the second application for bail, by applicant Anwar Hassan Ali Sayyed. His previous application was rejected on 29th April, 2011. Applicant is in custody since 10th October, 2010. Chargesheet was filed on 18th December,2010. The trial is yet to commence. The offences alleged are under Sections 464, 467, 468, 471, 472, 420, 120B read with section 34 of the Indian Penal Code. When the previous application was rejected, it was observed that the transaction of more than Rs.1,94,00,000/- had taken place in the account of applicant. Learned APP upon instructions from the Investigating Officer, states that in all sum of Rs.56,60,000/- was credited to the applicant’s account, out of which sum of Rs.14,00,000/- has gone to the account of co-accused 2 BA 1614 OF 2011 Mmukarram Husain Ali Sayyed. An amount of Rs.7,40,000/- has gone to account of Prakash Narayan Swami and an amount of Rs.4,00,000/- has gone in the account of Ganesh Navjivan Co-Op. Bank, Ulhasnagar and an amount of Rs. 19,40.000/- has gone to Const Mac. Learned counsel for the applicant states that this amount of Rs.19,40,000/- had in fact gone in the account of Prakash Narayan Swami, who had opened that account in the fictitious name. Learned counsel for the applicant states that applicant is alleged to have paid Rs.9,60,000/-, to one Jumman Mohasin Khan, whom he married subsequently. Though there is allegation about amount of Rs.19,40,000/-which has gone to Const Mach through applicant, as far as applicant is concerned, amount of Rs.11,73,700/- is shown to have been either withdrawn by him or transferred to his or his wife’s account. Learned counsel for the applicant submits that in order to show his bonafides the applicant would deposit the said sum before the trial Magistrate without prejudice to his rights. In view of this, since the applicant is already in custody for over a year and the trial is not likely to take place soon and since offences are triable before the Magistrate, on applicant’s depositing an amount of Rs.11,73,700/-, applicant be released on bail on his furnishing P.R. Bond in the sum of Rs.1,00,000/- with one or more solvent sureties in the sum aggregating to Rs.1,00,000/-. On the amount being deposited by the applicant, the learned 3 BA 1614 OF 2011 Magistrate shall invest the same in the State Bank of India, to earn maximum interest, and shall deal with the said sum at the end of the trial as per result of the trial. 2. The application stands disposed of. (R. C. CHAVAN, J.)