1 CA4893/11 IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD CRIMINAL APPLICATION NO. 4893 OF 2010 Subhash s/o Kachru Gaikwad Applicant V E R S U S The State of Maharashtra Respondent Shri Rahul G. Joshi, Advocate for the applicant Shri K.S. Hoke-Patil, Advocate for the respondent CORAM : R.Y. GANOO, J. DATED : 25th November, 2011 PER COURT : 1. The applicant apprehends arrest in CR No. M – 5 of 2011, registered with Sillod Police Station, District Aurangabad. 2. The complaint is filed by the Branch Manager of the Deogiri Nagri Co- operative Credit Society, Branch Sillod, District Aurangabad. The present applicant was in the employment of said Co-op. Credit Society till recently and in any case prior to filing of F.I.R. for a long period from 2001. It appears that the complainant - Branch Manager discovered various irregularities on part of applicant, and on the basis of which, he came to the conclusion that there is an embezzlement of funds at the hands of present applicant, and hence, the F.I.R. came to be filed. In the course of 2 CA4893/11 investigation, two persons namely Babulal and Haresh have come forward to state as to how they have been deprived of their monies at the hands of the present applicant. The allegations indicate that the present applicant utilized his powers as Branch Manager. According to the applicant, he got certificate of merit for the consistent period of two to three years. In my view, that by itself would not go to show that there is no substance in the complaint. According to the applicant, on the date when the F.I.R. came to be filed, he was not in service and he had resigned. 3. After having considered the papers, which are produced on record, I am inclined to observe that the allegations against the applicant are of serious nature. They are in relation to the bank fraud and detailed investigation is required. In my view, the custodial interrogation of the applicant is necessary to unearth fraud practiced by him. Hence, the application required to be rejected. Accordingly, application stands rejected. ( R.Y. GANOO, J. ) SRM/ca/4893/11/25/11/11