Shantaram Ashok Devtarse v. the State of Maharashtra and Another
Case brief
What is this about?
This court rejected an anticipatory bail application. The applicant claimed he was a victim who invested money in cooperative societies, but the court found evidence that he acted as an agent for these societies, induced investors, and received commissions for a colossal financial loss.
What did the court decide?
Interim protection granted on 23.03.2021 was vacated.
What the court decided
IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD
ANTICIPATORY BAIL APPLICATION NO. 109 OF 2021
Shantaram s/o Ashok Devtarse ... Applicant Age 34 years, Occu: Business & Agri. R/o Kanher Vasti, Sonai, Tq. Newasa, District Ahmednagar
VERSUS
- The State of Maharashtra, ... Respondents Throgh Police Inspector Sonai Police Station, Sonai, District Newasa, Dist. Ahmednagar
2. The Superintendent of Police, Ahmednagar, District Ahmednagar
Mr. S. J. Salunke h/for Mr. M. S. Taur, Advocate for the applicant, Mrs V. S. Chaudhari, A.P.P. for the State.
CORAM : V. G. BISHT, J. RESERVED ON : 17th August, 2021. PRONOUNCED ON : 24th August, 2021.
ORDER :
- This is an application under section 438 of the Code of
Criminal Procedure, 1973 preferred by the applicant seeking grant of pre-arrest bail in connection with Crime No. 16/2021 registered with Sonai Police Station, District Ahmednagar for the offences punishable under Sections 406, 409, 420, 34 of the Indian Penal Code, 1860 and under section 3 of the Maharashtra Protection of Interest of Depositors(in Financial Establishments) Act, 1999.
Issues for consideration
2 issues framed by the court
Whether an anticipatory bail application should be granted to an accused who allegedly acted as an agent for fraudulent investment schemes and received commissions.
Whether the conduct of the applicant in canvassing investments and receiving commissions disqualifies him from the benefit of pre-arrest bail.
Parties & counsel
- applicant
Shantaram s/o Ashok Devtarse
- respondent
The State of Maharashtra
Coram
V. G. BISHT
Case details
As recorded by the court registry
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