In a petition seeking anticipatory bail for an employee accused of offences under the IPC and BUDS Act related to unauthorized investment solicitation, the High Court declined bail at the investigation stage and dismissed the petition.
Anticipatory bail was denied; the criminal original petition was dismissed.
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Crl.O.P.No.7619 of 2023
C.V.KARTHIKEYAN, J.
The petitioner who apprehends arrest at the hands of the respondent police for the offences punishable under Sections 120(B), 406, 420 & 34 of IPC and Section 5 of TNPID Act 1997 and Sections 21(3), 22, 23, 25 of BUDS Act 2019 in Crime No.2 of 2023, seeks anticipatory bail.
2.The petitioner is a staff at M.S.Amro Kings Limited. The learned counsel for the petitioner states that the petitioner is completely innocent of the activities of the said company. The Managing Directors of the said company appear to have invited investments to be made by the general public and it is the contention of the respondent, by such invitation nearly about Rs.1,40,00,000/- had been deposited by various individuals. It is also contended on the side of the respondent, though the 1st to 3rd accused had been taken into custody, the petitioner is also required to find out whether there has been any transaction to the account of the petitioner.
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C.V.KARTHIKEYAN, J.
smv
3.Since investigation is pending, at this stage, this Court is not
inclined to grant anticipatory bail to the petitioner. Accordingly, this criminal original petition stands dismissed.
11.10.2023
smv
Crl.O.P.No.7619 of 2023
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1 issue framed by the court
Whether anticipatory bail should be granted to the petitioner who apprehends arrest in a pending investigation for offences under the IPC and BUDS Act.
3 provisions across 3 enactments
The Petitioner
The Respondent
C.V.KARTHIKEYAN
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
