1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION NO.851 OF 2010 Shri. Chittari Chandrashekhar. ..Applicant. Vs. The State of Maharashtra. ..Respondent. Mr. A.P. Mundergi, Sr. Advocate with P.G. Badole for the Applicant. Smt.A.A.Mane, APP. for the State. CORAM : R.S. MOHITE, J. DATE : 1st April, 2010 PC : This is an application for grant of anticipatory bail. The applicant has been shown as an accused in C. R. No. 47/2009 registered by Economic Offences Wing, Unit-1, Nirmal Nagar Police Station, Mumbai for the alleged offence under Section 420 read with 34 of the I.P.C. and under sections 4,5 and 6 of the Prize Chit Fund and Money Circulation Act, 1978. On perusal of the FIR, it appears that the present applicant is the person who was concerned with the running of a pyramid 2 scheme. The complainant has been persuaded to part with money under the promise that he will get huge returns, if he enrolls three members. However, his grievance is that, in spite of making several members he was not paid. Generally speaking, these schemes are liable only for short time and people are cheated by making promise of unreasonably huge returns. In such matters, it is necessary for the police to investigate as to how much amount has been actually collected and if there are other persons who have been cheated. The present applicant is said to the Managing Director. Not a fit case for grant of anticipatory bail. Hence, application is rejected. ( R.S. MOHITE, J.)