It has been submitted by learned counsel for the applicant that as per allegation levelled in the first information report the first informant had joined the company in the name of Tejas Group Iden Agriculture and Research Co. Ltd. at Agra. The director of the said company was Gaurav Shanker (applicant). The first informant had also inducted several agent in the company who used to deposit money in the company in several schemes as F.D. R.D. and M.IS., and against the said deposit the company had also issued certificate duly signed by Director Gaurav Shanker Srivastava and it was mentioned in the certificate that whatever the date of maturity is mentioned on that date the said amount will be given by the company. It is further alleged that Rs. 27, 52, 974/- was deposited in the company through informant by several persons but after the expiry of maturity date the money was not released in the favour of the depositors. Learned counsel for the applicant in support of his prayer for bail submits that that the applicant is innocent and he has been falsely implicated in the present case. It is further submitted that regular functioning of the company Gaurav Jain was appointed as National Head, Arvind Singh was the Managing Director, Vineet Kumar Sharma was the Branch Manager, Safal Gupta was the Zonal Manager, Ruchi Khair was the H.R./Account Manager, Kirti Agarwal was the Assistance Manager, I.T., Alok Singh, Bhanu Pratap Singh and Anup Singh were the Zonal Managers, Chirag Agarwal was the Manager-Investment and Aman Gupta was the ManagerI.T. and were Incharge and responsible for the regular and day to day functioning of the company, the said fact has been mentioned in para 12 of the affidavit filed in support of bail application. It is further submitted that applicant was not involved in the present case anyhow. It is further submitted that a notice dated 04.02.2017 was sent to Gaurav Jain by the applicant for termination and also calling him upon to return the cheques, which were with him. Several other submissions in order to demonstrate the falsity of the allegations made against the applicant have also been placed forth before the court. The circumstances which, according to the counsel, led to the false implication of the accused has also been touched upon at length. It has been assured on behalf of the applicant that he is ready to cooperate with the process of law and shall faithfully make himself available before the court whenever required. It has also been submitted that the applicant is languishing in jail since 17.07.2017. The applicant has no other reported criminal antecedent.
