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2021 (5) TMI 562 - HC - Indian LawsBail Application - misappropriation of funds - allegation found against the present applicant is that he induced the complainant to invest himself and others in his scheme to get higher benefit but he neither fulfilled his promise nor returned their money - HELD THAT:- As per the statements of complainants and bank statement, prima facie, ₹ 17,00,000/- were found deposited in the account of present applicant by the complainants. The co-accused has already been released on bail by the trial Court. Investigation is completed, charge-sheet has been filed and on account of COVID-19 pandemic, there is every possibility of consuming time in conclusion of trial. The applicant has no criminal past, therefore, there is no possibility of his absconding or tampering with the evidence of prosecution witnesses. The offences alleged have not maximum punishment of more than 7 years imprisonment - The trial Court is also directed to keep the said amount in FDR Scheme at any nationalized Bank of locality. This order will remain operative subject to compliance of the conditions of depositing the amount as well as enumerated under section 437(3) Cr.P.C. by the applicants. Bail granted subject to conditions imposed - Jail Authority shall ensure the medical examination of the applicant by the jail doctor before his release.
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