AB 657/2011 BEFORE THE HON’BLE MR JUSTICE P.K. MUSAHARY Heard Mr. A. Choudhury, learned counsel for the petitioner. Also heard M r. B.B. Gogoi, learned Addl. P.P. Assam. C.D. has been produced as called for. I have carefully gone through the C.D. as produced by the learned Addl. P.P. Assam. In the FIR the present accused petitioner Smti. Mamoni Borah has bee n named as one of the accused persons. From the memo of association and articles of association enclosed by the petitioner it is found that the present accused petitioner Mamoni Borah is a share holder of the Rainbow Multilink Marketing Pri vate Limited , a company registered under the Companies Act. The company has bee n closed down on 24.07.2010 and just after 2 (two) days thereafter an FIR was lo dged on 26.07.2010. It appears that the aforesaid company, through various agen ts engaged by it collected money from the customers including the informant and the amount so collected are not deposited. The police is making no satisfactory progress in the investigation because the Chairman of the said company including the other responsible office bearers are remaining untraced. In view of the above, I am not satisfied that the present accused petitioner wou ld not do something to influence the witnesses or manipulate the records of the office if enlarged on bail at this stage. In my considered view custodial interr ogation is necessary in respect of the present accused petitioner Mamoni Borah a nd other office bearers of the said company. Accordingly this petition is rejected. However, liberty is granted to the accuse d petitioner to surrender before the learned CJM, Nagaon within 10 (ten) days fr om today. During this period of 10 days in the event of arrest in connection with Nagaon P .S. Case No. 1159/2010 u/s. 120(B)/406/420 IPC, the petitioner namely Smti. Mamo ni Borah shall be released on bail of Rs. 30,000/- with one local surety of the like amount subject to the satisfaction of the arresting authority.