IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION CRIMINAL APPELLATE JURISDICTION CRIMINAL APPELLATE JURISDICTION CRIMINAL APPLICATION No.1402 OF 2008 CRIMINAL APPLICATION No.1402 OF 2008 CRIMINAL APPLICATION No.1402 OF 2008 Akhtar Ali Abdul Gafur Shaikh @ Papa ..Applicant. Vs. The State of Maharashtra ..Respondent. Mr Shailesh Kantharia i/b Nagesh Joshi & Samir Vaidya, Advocate for the applicant. Mrs M. H. Mhatre, A.P.P for the respondent. CORAM: V.C. DAGA,J. CORAM: V.C. DAGA,J. CORAM: V.C. DAGA,J. DATED: 23.6.2008. DATED: 23.6.2008. DATED: 23.6.2008. P P P.C. C. C. 1. Heard learned counsel for the applicant and the learned APP for the State. 2. Perused the application and the material available on record. 3. The applicant-original accused arrested in C. R. No. 71 of 2007, registered with D.C.B., C.I.D., Unit - 5, Kurla, Mumbai for the offence under Section 489 (A) (B) (C), 120-B read with Section 34 of the I.P.C., is seeking bail under Section 439 of the Cr.P.C. after having suffered adverse order dated 11.4.2008 passed by the Assistant Sessions Judge, for Greater Bombay in Bail Application No. 157 of 2007. 4. The only submission advanced by learned counsel for the applicant is that the alleged fake currency notes were not sent to Nashik Government Press to find out whether or not they were genuine. 5. While reacting to the above submission, learned A.P.P. has put on record by way of a confidential document, namely, "Currency Notes examination report" of the Government Press Nashik, wherein the opinion is recorded that some of the subject currency notes are false. 6. In view of the above matter, the submissions made by the applicant cannot be accepted. 7. The learned trial Judge has rightly observed that the offences of circulating large number of fake currency notes are increasing causing substantial damage to the national economy. There is sufficient material on record to connect the present applicant with the offence alleged. In the event he is enlarged on bail, possibility of his indulging in a similar offence can not be ruled out. 8. In the above view of the matter, no case is made out for grant of bail. The reasons recorded by the learned Assistant Sessions Judge, Greater Bombay in its order dated 11.4.2008 in Bail Application No. 157 of 2007 hold good. 9. In the result, the present application stands rejected. 10. Any observation made in this order shall not be construed as any finding or any expression of opinion on the merits of the case at the time of trial. (V.C.DAGA,J) (V.C.DAGA,J) (V.C.DAGA,J)