1 CRI.APP.NO.2177/2009. IN THE HIGH COURT OF JUDICATURE AT BOMBAY, BENCH AT AURANGABAD. CRIMINAL APPLICATION NO.2177 OF 2009. Abdul Khalek s/o Mohd.Musa ...Applicant. Versus The State of Maharashtra ...Respondent. ... Mrs.S.S.Jadhav, Advocate for the applicant. Mr.N.H.Borade, APP for the respondent. ... CORAM: A.V.NIRGUDE,J. Date : 9th July,, 2009. COURT'S ORDER: s 1. The applicant is seeking bail in Crime No. 42/2009 registered at City Police Station Beed, dated 6th May, 2009 alleging the offence punishable under Sections 409, 467, 468,406, 477A,109, 420 r/w 34 of the Indian Penal Code. 2. The applicant was arrested in this case on 8th of May, 2009 and since then he is in custody. Till 19th 2 CRI.APP.NO.2177/2009. of May, 2009 he was also detained in Police Custody. The applicant and others are accused of the misappropriating huge amount, from the Co-operative Bank, where the applicant was holding a position of Chairman and one of the Directors. It is alleged that since 2003, till the audit took place the applicant and others sanctioned loans to various persons without examining their creditworthiness. It is also alleged that even the employees of the bank took loans disproportionate to their creditworthiness etc. With the result, the bank sustained loss to the tune of 6,36,00,000/- (Rs.Six corers thirty six lakhs ). Investigation as far as applicant's role is concerned must have over. There is no reason why the applicant can not be released now. The application is allowed. i) The applicant is released on bail of Rs.20,000/- (Rs.Twenty Thousand only) with one surety in the like amount. (A.V.NIRGUDE,J.) lkp.