Case brief
What is this about?
Bombay High Court (Shivkumar Dige, J., 22 January 2026) allows Criminal Bail Application No. 4476 of 2025 and grants regular bail to Sudam Dagdurao Amte in C.R. No. 614 of 2025, Chikhali Police Station, Pune, for offences under BNS 2023 Sections 318(4), 316(2), 317(2), 336(2), 336(3), 340(2), 344 and Sections 3 and 4 of the Maharashtra Protection of Interest Depositors Act. Alleged gold-pledge/deposit scheme: accused Nos. 1 and 2 lured investors with below-bank-interest gold loans and pledged investors' gold with the applicant; alleged conspiracy. Key bail factors: no allegation applicant lured investors; seizure of Rs. 1 crore and 1 lakh and 692 gm gold; investigation completed; chargesheet filed; six months' custody; no antecedents; evidence required to prove conspiracy. Bail on P.R. Bond Rs. 30,000/- with one or two sureties; conditions of police-station attendance and non-tampering/non-contact; observations confined to bail hearing.