CRM-M No.7302 of 2011(O&M) ::1:: IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH CRM-M No.7302 of 2011 (O&M) Date of decision : 19.10.2011 Ravi Singla ...... Petitioner v. State of Punjab and another ...... Respondents *** CORAM : HON'BLE MR.JUSTICE AJAY TEWARI *** Present : Mr. K.S. Sidhu, Advocate for the petitioner. Mr. Sumeet Abrol, A.A.G., Punjab. Mr. Vaneet Aggarwal, Advocate for the respondent No.2. *** AJAY TEWARI, J. (Oral) This petition has been filed under Section 438 Cr.P.C. for grant of anticipatory bail to the petitioner in case F.I.R. No.3 dated 08.01.2011 registered under Sections 420, 506 & 120-B IPC at P.S. Civil Lines, Bathinda, District Bathinda. The broad brush allegations against the petitioner are that he allured the persons (complainants) to invest money in Max Forex Company by assuring them that they would get good returns. Thereafter the money was obtained from the investors but nothing was paid to them during the pendency of this case. CRM-M No.7302 of 2011(O&M) ::2:: On 03.05.2011 the following order was passed:- “Learned DAG, on instructions from ASI Darshan Singh, has stated that there are two FIRs which are also pending against this Max Forex Company of which the petitioner is alleged to be a representative. In my opinion it would be in the interest of justice if the petitioner is granted conditional protection to join investigation on one date so that he could disclose about the person involved in this fraud. The prayer for regular anticipatory bail would be considered after seeing the outcome of the investigation. Adjourned to 16.05.2011. Interim order to continue. ” Learned Assistant Advocate General on instructions from ASI Darshan Singh has stated that despite the passage of long time nor any meaningful information has been given by the petitioner neither any recovery has been made. Learned Assistant Advocate General has also informed the Court that there are many more cases of defrauding by this Max Forex Company. Considering the scale of the fraud, I do not deem it appropriate to grant the concession of bail to the petitioner. In the circumstances, the interim order dated 09.03.2011 stands vacated. Petition is dismissed. ( AJAY TEWARI ) October 19, 2011 JUDGE ashish