* 1 * B.A.1689-2011 16.11.2011 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL BAIL APPLICATION NO. 1689 OF 2011 IN SESSIONS CASE NO. 529 OF 2011 IN C.R. NO. 49 OF 2011 Rambrich Sitaram Yadav .... Applicant V/s. The State of Maharashtra (at the instance of Kanjur Marg Police Station, Mumbai) ..... Respondent * * * * * Mrs. S.K. Ayubi, Advocate for the applicant. Mr. S.A. Shaikh, APP for the State-respondent. CORAM :- Smt. R.P. SondurBaldota, J. 16th November, 2011. P.C. :- 1. The applicant herein is accused in C.R. No. 49 of 2011 registered for the offences punishable under Sections 489B, 489C and 420 read with 34 Indian Penal Code. The brief prosecution case is that on 31st March, 2011 one Ravi Pratap Singh had come to the State Bank of India, Kanjur Marg Branch, Mumbai for depositing an amount of Rs.10,000/- in the account of one Rakeshkumar Singh in the branch of Chandra, District-Sultanpur, U.P. * 2 * B.A.1689-2011 16.11.2011 It was found that except for the two currency notes of Rs.1,000/-, all other currency notes which were of Rs.500/- denomination were fake and counterfeit. Therefore, immediately a complaint was registered with Kanjur Marg Police Station, Mumbai. During the course of investigation, the police found that the counterfeit currency notes had originated from the applicant herein who had volunteered to give it by way of handloan to witness, Amin Nissar. According to the prosecution, the applicant is in direct contact with one Rama Paswan located in U.P. who is involved in circulation of fake currency notes. At the instance of the applicant, the police have recovered 34 fake currency notes of the denomination of Rs.1,000/- and 49 fake currency notes of the denomination of Rs.500/- totaling to Rs.58,500/- from his residence. Thus the allegation against the applicant is of possession of fake currency notes, as well as, circulation of fake currency notes. In that circumstance, this Court is not inclined to grant bail to the applicant as on his release on bail, there would be chance of the applicant further circulating the fake currency notes in the market causing a direct threat to the economy of the country. Hence, the application is rejected. [SMT. R.P. SONDURBALDOTA, J]