* 1 * ABA.563.2011 18.7.2011 IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION ANTICIPATORY BAIL APPLICATION NO. 563 OF 2011 Mr. Gaurav Pravinkumar Jain ...... Applicant V/S. The State of Maharashtra ...... Respondent ALONGWITH CRIMINAL APPLICATION NO. 356 OF 2011 [FOR INTERVENTION] IN ANTICIPATORY BAIL APPLICATION NO. 563 OF 2011 Mr. Gaurav Pravinkumar Jain ...... Applicant V/S. The State of Maharashtra ...... Respondent AND Shri. Prashant R. Amle ..... Intervener ***** Mr. S.A. Ingawale, Advocate for the applicant. Mr. Amol Patankar for the Intervenor in Cri. Appln. 356 of 2011. Mrs. A.A. Mane, APP for the State-respondent. CORAM :- Smt. R.P. SondurBaldota, J. 18th July, 2011. P.C. :- 1. The application for intervention is allowed. This application for anticipatory bail is in connection with C.R. No. I-175 of 2010 registered with Wagale Estate Police Station, Thane for the offences punishable under Sections 420, 468, 471, 473 Indian Penal Code read with Section 66 of the Information & Technology Act. The applicant * 2 * ABA.563.2011 18.7.2011 was working as Sales Executive for Thane Branch of Samsung India Electronics Pvt. Ltd. The dealers assigned to him were (1) Vasani Electronics, Bhiwandi, (2) Shree Jain Traders, Naupada, Thane (3) Om Trading, Bhiwandi (4) Skylark Electronics, Kalyan (5) Kirti Radio, Thane (6) Jyoti Electronics, Kalyan (7) Vintage Vision, Thane (8) Kiran Electronics Thane and (9) Asrani Electronics, Ulhasnagar. The allegations against the applicant are that he had given extra incentives to the dealers without prior permission of the company, thereby causing loss to the company. He had also downloaded the ledger accounts of the dealers on his personal laptop, altered the same and produced forged ledger account before the company dealer. He had put bogus stamps on the balance confirmation of Vasani Electronics, Bhiwandi, Shri. Jain Traders, Thane and Kirti Radio, Thane, forged signature thereon and submitted such forged balance confirmations to the company. He also used to credit the amount received from one dealer to the account of another dealer. The illegal activities of the applicant resulted into loss in the sum of Rs.61,78,602/- to the company. 2. The learned counsel for the applicant, submits that it is not * 3 * ABA.563.2011 18.7.2011 the allegation of the complainant that any benefit has been derived by the applicant on account of his activities. Even if that is not so, there is an allegation that there is substantial loss caused to the company. Further, the allegations of procuring bogus stamps of the company and using the same and also forging signatures on the balance confirmation of the dealers are serious enough. The learned counsel then tries to point out that there were some negotiations of settlement between the company and the applicant including his father. Apparently, the attempts at resolution of the dispute have failed. It cannot be said that the complaint does not make the ingredients of the offence alleged against the applicant. The learned APP states that the bogus stamps are yet to be recovered by the police from the applicant and as such they require his custodial interrogation. In the facts and circumstances of the case, I am not inclined to grant of anticipatory bail to the applicant. Hence, the application is rejected. [SMT. R.P. SONDURBALDOTA, J]