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Madras High CourtCRL OP/29240/2023dismissed

Nareshkumar v. State Rep By

2024-04-18Honourable Mrs Justice T.V.Thamilselvi5 pages

T.V.THAMILSELVI, J.

The petitioner, who apprehends arrest at the hands of the respondent police for the offences punishable under Sections 409, 420 of IPC r/w 34 of IPC and Section 5 of TNPID Act 1997 in Crime No.14 of 2023, seeks anticipatory bail.

2.The case of the prosecution is that the defacto complainant and her family friend approached one of the "Schatz enterprises private Ltd.," that company was recently established and to financial aspect of investment beneficial returns and interest of covets for 5% to 10% of its, more and more desires of amount conversion and decoy to the 1st to 3rd accused. The year of 2019 January 2nd and 3rd accused to approach to investment beneficial aspect of oral trust to investment amount for the documentation of Schatz enterprises private Ltd., latterate to all intention to the cheating, so to return to the amount request of 2nd and 3rd accused issue to cheque, and the genuine aspect transaction to the cheque entirely focused, 1st and 2nd accused intentionally cheating and forwarded complaint passed by the District Superintendent of Police, 1/5

Perambalur. Hence the complaint.

3.The learned counsel for the petitioner submitted that he is a law abiding citizen and having roots in the society, and the petitioner is the breadwinner of his family and the petitioner is roped falsely in this case and the investigation is completed. Hence, he prays to grant anticipatory bail to the petitioner. 4.The learned Government Advocate (Crl.Side) appearing for the respondent submitted that there were 452 victims approximately were enquired in this case. No recovery made. The case is still under investigation. Hence he vehemently opposed to grant anticipatory bail to the petitioner. 5.Heard the learned counsel for the petitioner and the learned Government Advocate (Crl.side) for the respondent and perused the entire materials available on record.

6.Taking into consideration the facts and circumstances of the case and the submissions made by the learned Government Advocate (Crl.Side) and considering the gravity of the offence and also taking note of the fact that the 2/5

case is at initial stage and it needs detailed investigation. Hence, this Court is not inclined to grant anticipatory bail to the petitioner. 7.Accordingly, this Criminal Original Petition stands dismissed. 18.04.2024 ah 3/5

T.V.THAMILSELVI, J.

ah 4/5

18.04.2024 5/5