Learned counsel for the applicant has argued that the applicant is absolutely innocent and has been falsely implicated in the present case with a view to cause unnecessary harassment and to victimize her. Learned counsel has stated that she is not named in the FIR. Her name has come up during investigation as she is the person, who is stated to have received Rs. 6 lakhs in her account during the said deal that transpired between the first informant and the husband of the applicant. Learned counsel has next stated that applicant is the housewife and has nothing to do with the said offence. Her account, if any, has been used by her husband only. It is further stated that coaccused person has already been granted regular bail. There is no criminal history of the applicant. It is further stated that applicant is co-operating in the investigation and is ready to cooperate in future also. There is no likelihood of the applicant repeating the said offence, if any. Several other submissions have been made on behalf of the applicant to demonstrate the falsity of the allegations made against her. The circumstances which, as per counsel, led to the false implication of the applicant have also been touched upon at length.