[-1-] IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLN.NO.2405 OF 2008 IN CASE NO.PW/351 OF 2007 Jayanand William Nadar ..Applicant Vs. The State of Maharashtra ..Respondent ... Mr.Pratap Rajput Advocate for Applicant Mr.H.J.Dedia APP for the State ... CORAM: SMT.V.K.TAHILRAMANI,J. CORAM: SMT.V.K.TAHILRAMANI,J. CORAM: SMT.V.K.TAHILRAMANI,J. DATE : JULY 25, 2008 DATE : JULY 25, 2008 DATE : JULY 25, 2008 P.C. P.C. P.C. 1. Heard the learned advocate for the applicant and the learned A.P.P. for the State. 2. The applicant is seeking bail in CR No. 522 of 2006 of D.N.Nagar Police Station (Now CR No. 7 of 2007 of EOW). The said case is under Sections 420, 468, 471 read with section 34 of IPC. 3. The applicant floated a company wherein it was represented to people that they should invest Rs.500/- and after thirty days, they will get Rs.500/- and after sixteen months, they would get [-2-] Rs.10,000/-. Many persons were induced to invest in the applicant’s company and thus, applicant gathered amount of Rs.5 crores 81 lakhs. However, thereafter only few persons were returned the initial amount and majority of the people were not even paid the initial amount of Rs.500/-. Moreover, amount of Rs.10,000/- was not paid to any person. Out of the money collected, the applicant purchased five foreign cars and other property. Thus, it is seen that a large number of investors have been cheated of their hard earned money. 4. The learned APP states that trial has started and one witness has already been examined yesterday and the matter is kept today for further examination of the witness. 5. Looking to the above facts and the fact that the trial has started, I am not inclined to grant bail at this stage. 6. Application is rejected and is disposed of accordingly. [SMT.V.K.TAHILRAMANI, J.] [SMT.V.K.TAHILRAMANI, J.] [SMT.V.K.TAHILRAMANI, J.]