12crn4477-09 1 IN THE HIGH COURT OF JUDICATURE AT MUMBAI CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.4477 OF 2009 Shafiulla Fakir Shaikh. ..Applicant. Vs. The State of Maharashtra. .. Respondent. .... Ms.Anjali Patil, Advocate for the applicant. Mrs.A.S. Pai, A.P.P. for the State. .... CORAM : A.R.JOSHI, J. DATED : 21ST JUNE, 2010 P.C. 1. Heard learned Advocate Ms.Anjali Patil for the applicant in this application for reduction of the bail amount. 2. Earlier vide orde rdated 15.6.2009 passed by 5th Ad­ hoc Additional Sessions Judge, Sewree, Mumbai bail was granted to the present applicant in the matter of offence punishable under Section 489A, 489B and 489C of IPC as to involvement in the transaction of fake Indian currency notes. 3. Allegedly, the fake currency purported to be the 12crn4477-09 2 genuine Indian currency of Rs.2 Lakh and odd was found with the applicant. He was granted bail on furnishing a P.R. bond with solvent surety for Rs.1 lakh. 4. By present application, it is prayed that the said amount of bail is required to be reduced in order to facilitate the applicant to be get enlarged on bail during pendency of the trial. 5. Learned A.P.P. Mrs.Pai for the State stated that the chargesheet is already filed and the charge is also framed and the matter is fixed for trial for last one year though actual trial has not been started. It is further submitted that there are in all five accused and out of them, three accused are in jail and two accused were granted bail including the present applicant. Another co­accused who was granted bail availed the bail and jumped the bail and is presently absconding. She expressed fear that if the bail amount is reduced and if the applicant avails the bail, he may not be found during continuance of the trial thus frustrating the efforts of the 12crn4477-09 3 prosecution. 6. Considering the ramifications of the actions alleged against the applicant of interfering with economy of the country, it would not be in the fitness of the situation to reduce the bail amount. Hence, present application is disposed of as rejected. Learned Sessions Court seized of the matter shall make all the endeavour to start with the trial and complete the same within nine months from receipt of this order. (A.R.JOSHI,J.)