Kangadaran T Vs The State Rep By, The Inspector of Police

induced the de facto complainant by falsely promising a return of Rs. 1 Crore on an investment of Rs. 1 Lakh. Through this misrepresentation, they cheated investors to the tune of Rs. 40 Crores. Hence the complaint.

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3. The learned counsel for the petitioner submitted that there are eight

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accused in this case, wherein the petitioner is arrayed as A7. The alleged offense occurred between 03.03.2013 and 06.08.2024. T he sole allegation leveled against the petitioner in the F.I.R. pertains to the receipt of Rs. 5 Lakhs on 11.05.2014. He further submitted that the main accused Adimoolam had already been enlarged on default bail. He further submitted that the petitioner is innocent, a false case has been foisted upon him, and he has not committed any offense as alleged by the prosecution.

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4. Per contra, the learned Government Advocate (Crl.Side) appearing for

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the respondent police reiterated the prosecution case and opposed to grant anticipatory bail to the petitioner.

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5. I have given my anxious consideration to either side submissions.

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https://www.mhc.tn.gov.in/judis

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CRL OP No. 17552 of 2026

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While there are serious allegations of cheating in this case, the specific

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overt act attributed to the petitioner is limited to a sum of Rs. 5 Lakhs. The primary fraud is alleged against the first accused, who has subsequently been released on statutory bail. The FIR itself states the amount of Rs. 5 Lakhs was paid to the petitioner on 11.05.2014, and considering the significant lapse of time since the alleged incident, this Court is of the firm view that custodial interrogation of the petitioner is not required. Consequently, this Court is inclined to grant anticipatory bail to the petitioner, subject to certain conditions

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7. Accordingly, the petitioner is ordered to be released on bail in the event of arrest or on his appearance, within a period of fifteen (15) days from the date on which the order copy is made ready, before the learned Chief Judicial Magistrate, Perambalur on condition that the petitioner shall execute a bond for a sum of Rs.20,000/- (Rupees Twenty Thousand only), with two sureties each, for a like sum to the satisfaction of the learned Magistrate concerned, and on further conditions:

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(a)If the petitioner fails to surrender before the concerned learned Magistrate within a period of fifteen (15) days from the date of receipt of a copy of this order, this order shall stand automatically cancelled;

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(b) The sureties shall affix their photographs and left thumb impression in the application for surety slip (Judicial Form

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https://www.mhc.tn.gov.in/judis

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CRL OP No. 17552 of 2026

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No.46 annexed to 'The Criminal Rules of Practice, 2019]'. The learned Magistrate shall obtain a copy of any one of identify proofs to ensure their identity;

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(c) The petitioner shall report before the respondent police daily at 10.30 am for a period of two weeks and thereafter as and when required;

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(d) On breach of any of the aforesaid conditions, the learned Magistrate/Trial Court is entitled to take appropriate actions against the petitioner in accordance with law as if the conditions have been imposed and the petitioner is released on anticipatory bail by the learned Magistrate/Trial Court himself as laid down by the Hon'ble Supreme Court in P.K.Shaji v. State of Kerala [(2005) AIR SCW 5560];

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(e) If the petitioner thereafter absconds, a fresh FIR can be registered under Section 269 of BNS Act.

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21-07-2026

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Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No

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MFA

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https://www.mhc.tn.gov.in/judis