Home Case Index All Cases Money Laundering Money Laundering + HC Money Laundering - 2021 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (6) TMI 1098 - HC - Money LaunderingSeeking to grant anticipatory bail - cheating and other offences - fraudulent activity in regard to the sanction of loans - HELD THAT:- A perusal of the material on record would show that basing on the complaints lodged by the I.F.C.I. alleging cheating and other offences in respect of to V.N.R. Infrastructures Limited, Hyderabad and Sri Krishna Stockists and Traders Private Limited, Rajahmundry, C.B.I., BSFC, Bangalore, registered two cases. Initially the petitioner was not made as an accused in the complaints, but in the charge sheets filed in both the cases, the name of the petitioner was shown as A.3 and A.5 respectively. The petitioner was arrested and he was released on bail in the said cases. The record further discloses that in the year 2017 itself, the S.F.I.O., issued notice to the petitioner to appear before the S.F.I.O. and in compliance of the said notice, the petitioner had appeared and his statement was recorded. In the year 2020, the S.F.I.O. again issued summons to the petitioner directing him to appear before the S.F.I.O. on 09.11.2020 and apprehending arrest in connection with the said summons, the petitioner filed Crl.P.No.5980 of 2020 and this Court granted anticipatory bail to the petitioner vide order dated 18.03.2021. Admittedly, entire investigation has been completed and charge sheets were filed by the C.B.I., BSFC, Bangalore and the C.B.I. and seized all the documents connected to the subject loan transactions and those documents were filed along with the charge sheets. Hence, there may not be a chance of tampering with the investigation at this stage. Considering the facts and circumstances of the case and since the petitioner has already been appeared before the S.F.I.O., in compliance with the notice, dated 18.07.2017 and his statement has already been recorded; entire investigation has already been completed and charge sheets were also filed in both the complaints, the custodial interrogation of the petitioner at present may not be required. In such circumstances, granting anticipatory bail to the petitioner on certain conditions is justifiable - petition allowed.
|