IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE K.T.SANKARAN WEDNESDAY, THE 20TH JANUARY 2010 / 30TH POUSHA 1931 Bail Appl..No. 119 of 2010() ---------------------------- CRIME NO.182/2006 OF NEDUMKANDAM POLICE STATION PETITIONER/ACCUSED -------------------------------------- THIRUPATHI,28 YEARS,S/O.KAYAMBOO, NOW R/AT. E.P.15/65,MAVILEZHATHU,AAYOOR EDAMULAKAL VILLAGE,KOTTARAKKARA,KOLLAM DISTRICT,PERMENANT R/AT.MEENAKSHI BHAVAN,NEAR THEVARSILAI BUS STAND, KURUVAR PETTI TALUK,THOOTHUKUDI,TAMILNADU. BY ADV. SRI.MANSOOR.B.H. RESPONDENT(S): COMPLAINANT AND STATE ------------------------------------ 1. STATE OF KERALA, REP. BY THE PUBLIC PROSECUTOR, HIGH COURT OF KERALA, ERNAKULAM. 2. DETECTIVE INSPECTOR, S.I.G.II, CBCID, ERNAKULAM. PUBLIC PROSECUTOR SRI.TEKCHAND THIS BAIL APPLICATION HAVING BEEN FINALLY HEARD ON 20/01/2010, THE COURT ON THE SAME DAY PASSED THE FOLLOWING: K.T.SANKARAN, J. --------------------------------------------- B.A.No.119 of 2010 --------------------------------------------- Dated this the 20th day of January, 2010 ORDER This is an application for bail under Section 439 of the Code of Criminal Procedure. The petitioner is accused No.4 in Crime No.182 of 2006 of Nedumkandam Police Station. 2. The offences alleged against the petitioner are under Sections 489B and 489C read with Section 34 of the Indian Penal Code. 3. The gist of the prosecution case is the following: On 23.7.2006, the first accused purchased goats from the de facto complainant and paid Rs.5,150/- of which 5 currency notes were of the denomination of Rs.1,000/-. It was later realised by the de facto complainant that the currency notes of Rs.1,000/- were fake. He reported the matter to the police. The first accused had made similar operations with other persons in the locality. They had also approached the police. The prosecution case is that the petitioner (accused No.4) advanced a sum of Rs.50,000/- to accused No.2 for purchasing counterfeit currency notes from the third accused. On payment of Rs.50,000/-, the third accused handed over to accused No.2 fake currency notes of BA No.119/2010 2 Rs.1,50,000/-. It is alleged that accused Nos.2 and 4 gave portion of the fake currency notes to accused No.4. The balance currency notes were circulated by the first accused in the manner indicated above by paying the same as consideration for the purchase of goats and other items. The petitioner surrendered before the police on 29.10.2009. He was produced before the learned Magistrate who remanded the petitioner to judicial custody. 4. The facts narrated above would indicate that a racket was working behind the circulation of fake currency notes. The offence is very grave in nature. The investigation is now made by the CBCID, Ernakulam. It is necessary to find out the source of fake currency notes and to find out whether other persons are also involved in the offence. If the petitioner is released on bail at this stage, it would adversely affect the proper investigation of the case. I am not inclined to grant bail to the petitioner at this stage. For the aforesaid reasons, the Bail Application is dismissed. K.T.SANKARAN, JUDGE csl