2021 (1) TMI 1292 - HC - Indian Laws
Seeking grant of bail - offence of cheating and forgery - co-accused were running two investment companies in the name of Veliss Investment Solution and Goodwill Wealth Management Pvt. Ltd. and invited deposits by offering lucrative return of interest at the rate of 20% per month - HELD THAT:- As per the complainant he himself opened the Dmat account in the name of his wife and invested the money in anticipation of getting more returns than offered by the nationalized banks. He is an educated person and after understanding the scheme of the company he himself invested his money in the company, therefore, now he cannot say that he was not aware about the hidden risk and volatility of the money market. The applicant is in custody since 02.10.2020. The investigation is complete and Challan has been filed. All the documentary evidence has been seized by the police. The trial may likely to take time to conclude. The main accused Vinayak Nakaswal is already in custody. The applicant is also having parity with the case of co-accused who have already been enlarged on bail by this court.
The applicant is directed to be released on bail on her furnishing a personal bond in the sum of Rs.1,00,000/- with one solvent surety of the like amount to the satisfaction of the trial Court for her regular appearance before the trial Court during trial with a condition that she shall remain present before the Court concerned during trial and shall also abide by the conditions enumerated under section 437(3) Cr.P.C. - the application is allowed.