1 Cri.Appln. No.2134.11 IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD. CRIMINAL APPLICATION NO. 2134 OF 2011 Switoo Mahendrabhai Shah, Age 34 years, Occu. Business, R/o Block No. C/101, 4th Floor, Samastra Apartment, Near ATIRA, Ahmednabad (Gujrath) ..APPLICANT. VERSUS 1] Central Bureau of Investigation, Government of India, Bank Securities and Fraud cell New Hind House, 2nd floor, Narottam Morarji Marg, Ballard Pier, Mumbai 400 001. (Copy to be served to on the Standinv Counsel High Court at Aurangabad) .. RESPONDENT With CRIMINAL APPLICATION NO. 2135 OF 2011 Vipul Pramodbhai Shah, Age 34 years, Occu. Business, R/o Block No. C/401, 4th Floor, Samasta Apartment, Near ATIRA, Ahmednabad (Gujrath) ..APPLICANT. VERSUS 2 Cri.Appln. No.2134.11 1] Central Bureau of Investigation, Government of India, Bank Securities and Fraud cell New Hind House, 2nd floor, Narottam Morarji Marg, Ballard Pier, Mumbai 400 001. (Copy to be served to on the Standinv Counsel High Court at Aurangabad) .. RESPONDENT Mr. P.M. Shah, Sr. Counsel with N.B. Surwanshi and S.P. Shah, Advocates for Applicants (in both the Applications) Mr. Alok Sharma, Standing Counsel for Union of India ( In both the applications) CORAM : T.V. NALAWADE, J. DATE: 6th June, 2011 PER COURT: 1. Both the applications are filed for bail in Crime No. 7(E)/10 registered by Central Bureau of Investigation. After arguing the matters extensively the learned counsel for the applicants submitted that if the Court is not inclined to grant any relief, the permission be given to withdraw both the applications. The offence is registered U/Sec. 409, 420 of Indian Penal Code, and the allegations against two applicants are that they conspired with the Dhule Vikas Cooperative Bank and Orissa State Cooperative Bank and they defaulted Orissa Sate Cooperative Bank to the tune of Rs. Eighty Crores by 3 Cri.Appln. No.2134.11 using particular modus operandi. One institution was created to give go bye guidelines given by the Reserve Bank of India and then the transactions of sale of bonds was shown for the concern of the applicants, educational institution. The Dhule Vikas Co-operative Bank purchased substantial number of bonds and in turn sold to Orissa State Cooperative Bank. The flow of the funds is in reverse direction as bank paid money which went to the concern. Thus, there is a prima facie involvement of the two bank officers. A query was made by the Court whether any action is being taken against the bank officers. The prosecutor submitted that they are taking action against the persons who were controlling the banks and the permission in that regard is sought. 2. As the applicants want to withdraw the applications, applicants are disposed of as withdrawn. [T.V. NALAWADE, J. ] SDM*2134.11 Cri.Appln. 4 Cri.Appln. No.2134.11 Ahmednabad (Gujrath)