The petitioner sought anticipatory bail alleging no offence and being an investor, against whom prosecution alleged cheating under Section 420 IPC. The court refused bail as investigation was at the initial stage and dismissed the petition.
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CRL.O.P.No.32293 of 2022
CRL.O.P.No.32293 of 2022
T.V.THAMILSELVI,J.
The petitioner, who apprehends arrest at the hands of the respondent police for the offence punishable under Section 420 of IPC in Crime No.Not Known of 2022, seeks anticipatory bail.
3.The learned counsel for the petitioner submitted that the petitioner has not committed any offence as alleged by the prosecution. He further submitted that the petitioner is also one of the investors, he had also invested more than Rs.50,00,000/- in that disputed Company. He further submitted that the entire public believing the words of the Company invested their savings. Hence, he prayed for Anticipatory Bail to the Petitioner.
T.V.THAMILSELVI, J.
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CRL.O.P.No.32293 of 2022
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4.The learned Government Advocate (Crl.Side) submitted that
the petitioner who made people invest in the disputed company by making false promise. He further submitted that 40 complaints have been received against the Company as of now and also more than 1000 people were cheated by this company. He further submitted that the investigation is at initial stage. Hence, he opposed grant of anticipatory bail to the petitioner.
5.Considering the facts and circumstances of the case and also the fact that the investigation is at initial stage. Hence, this Court is not inclined to grant anticipatory bail to the petitioner.
6.Accordingly, this Criminal Original Petition stands dismissed.
02.02.2023
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CRL.O.P.No.32293 of 2022
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2 issues framed by the court
Whether anticipatory bail should be granted to the petitioner facing charges under Section 420 of IPC.
Whether the initial stage of investigation warrants postponement of the investigation before granting bail.
1 provisions across 1 enactments
T.V. Thamilselvi
The State
T.V.ThamilSelvi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
