1 Cri-A-53-&-71-11.sxw IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION Mhi CRIMINAL APPLICATION NO. 53 OF 2011 WITH CRIMINAL APPLICATION NO. 71 OF 2011 Mr. Pundlik Khanderao Ingle ... Applicant/Orig.accused vs. State of Maharashtra .. Respondent WITH CRIMINAL APPLICATION NO. 71 OF 2011 Shri Madhav Sadashiv Gharnikar ... Applicant vs. The State of Maharashtra ... Respondent Mr. Sandeep K.Shinde,Advocate, for the applicant. Mr. A.S.Varekar, Advocate for the applicant (in B.A.No.53/2011) Mrs.R.V.Newton, APP, for the respondent - State. CORAM: J.H.BHATIA,J. DATE : 3rd February, 2011. P.C. 1. The applicants in both the matters seek to be released on bail in Crime No.208/2010 registered at Walchandnagar Police Station, Pune, for the offences under Sec. 420, 467, 468, 471, 406, 409 read with Sec. 34 of IPC. 2. The offence was registered on a report of one Rajendra Pandurang 2 Cri-A-53-&-71-11.sxw Kadam. As per the report, Shrimant Pandurang Mule, Kalpana Somawar and Anil Somawar, of M/s. Aryatroop Tourists & Rsort Pvt.Ltd. used to approach the people to invest their money with assurance of big profit and therefore, he had invested Rs.5 lakh. However, neither amount was returned nor the interest was given. Later on, a cheque was issued by Kalpana Somawar for refund of the money with interest. That cheque was also dishonoured. It appears that the company had engaged several persons, including the present applicants as commission agents to approach the people and make them invest the amount. It appears that large number of people must have invested money in the company. The applicants, who were the commission agents, also got commission running into several lakhs of rupees. However, fact remains that the main culprits,namely, Shrimant Mule, Kalpana Somawar and Anil Somawar, who appeared to have established the company, are absconding and they could not be arrested. The present applicants were among the several agents who approached the complainant and others for investment. 3. The learned Counsel for the applicants, on instructions make a statement that the applicants are willing to deposit reasonable amount to show their bonafides. 3 Cri-A-53-&-71-11.sxw 4. For the aforesaid reasons, the applicants be released on their executing P.R. of Rs.25,000/- each with a surety in the like amount with condition that they shall not tamper with the prosecution evidence and shall also deposit amount of Rs.3 lakh each before the trial court within one week from this day. If the amount is deposited, the same shall be invested in fixed deposit with some Nationalized Bank and shall be subject to the result of the case. (J.H.BHATIA,J.)