1 IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL CRIMINAL CRIMINAL APPELLATE JURISDICTION APPELLATE JURISDICTION APPELLATE JURISDICTION CRIMINAL CRIMINAL CRIMINAL APPLICATION APPLICATION APPLICATION NO.2368 OF 2007 NO.2368 OF 2007 NO.2368 OF 2007 Shri Shri Shri Raju Chandarlal Lalwani Raju Chandarlal Lalwani Raju Chandarlal Lalwani ...... Applicant Applicant Applicant vs vs vs State State State of Maharashtra of Maharashtra of Maharashtra ...... Respondents Respondents Respondents Mr.D.C.Mishra Mr.D.C.Mishra Mr.D.C.Mishra for for for Applicant Applicant Applicant Ms.S.D.Shinde Ms.S.D.Shinde Ms.S.D.Shinde A.P.P.for Respondents A.P.P.for Respondents A.P.P.for Respondents CORAM CORAM CORAM : : : V.C.DAGA, J V.C.DAGA, J V.C.DAGA, J DATED DATED DATED : : : 31ST AUGUST, 2007 31ST AUGUST, 2007 31ST AUGUST, 2007 P.C. P.C. P.C. 1.1.1. Heard learned counsel for the applicant and Heard learned counsel for the applicant and Heard learned counsel for the applicant and learned learned learned A.P.P. A.P.P. A.P.P. 2.2.2. This application is for anticipatory bail. The This application is for anticipatory bail. The This application is for anticipatory bail. The applicant applicant applicant is charged with the offences punishable is charged with the offences punishable is charged with the offences punishable under under under sections 420, 465, 468, 471 IPC r/w section sections 420, 465, 468, 471 IPC r/w section sections 420, 465, 468, 471 IPC r/w section 34 34 34 IPC by Ulhasnagar police station. IPC by Ulhasnagar police station. IPC by Ulhasnagar police station. 3.3.3. The facts reveals that the present accused The facts reveals that the present accused The facts reveals that the present accused alongwith alongwith alongwith other accused in furtherance of their other accused in furtherance of their other accused in furtherance of their common common common intention established a company by name " intention established a company by name " intention established a company by name " United United United Services Pvt.Ltd " and they assured the Services Pvt.Ltd " and they assured the Services Pvt.Ltd " and they assured the public public public at large that if the investors would deposit at large that if the investors would deposit at large that if the investors would deposit their their their money, money, money, they would double the amount deposited they would double the amount deposited they would double the amount deposited within within within three months from the date of the three months from the date of the three months from the date of the investment. investment. investment. 4. The present applicant is the brother-in-law of The present applicant is the brother-in-law of The present applicant is the brother-in-law of the the the main main main accused shown to be working as an employee accused shown to be working as an employee accused shown to be working as an employee inin in the company. The total investment by different the company. The total investment by different the company. The total investment by different citizens citizens citizens and defalcation thereof appears to be and defalcation thereof appears to be and defalcation thereof appears to be 2 running running running into more than Rs.1,49,00,000/-. One does into more than Rs.1,49,00,000/-. One does into more than Rs.1,49,00,000/-. One does not not not know know know how many families and old people must have how many families and old people must have how many families and old people must have lost lost lost their hard earned money. Considering the their hard earned money. Considering the their hard earned money. Considering the relationship relationship relationship of the present applicant with that of of the present applicant with that of of the present applicant with that of the the the main accused and his participation in the main accused and his participation in the main accused and his participation in the company company company and involvement and misappropriation of a and involvement and misappropriation of a and involvement and misappropriation of a huge huge huge amount, custodial investigation would need the amount, custodial investigation would need the amount, custodial investigation would need the prosecution prosecution prosecution to trace the money lost by poor to trace the money lost by poor to trace the money lost by poor citizens. citizens. citizens. Thus, this is not a fit case for grant Thus, this is not a fit case for grant Thus, this is not a fit case for grant of of of anticipatory bail. Application is therefore anticipatory bail. Application is therefore anticipatory bail. Application is therefore rejected. rejected. rejected. JUDGE JUDGE JUDGE