{"id":222101,"date":"2019-11-14T15:00:53","date_gmt":"2019-11-14T09:30:53","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=222101"},"modified":"2019-11-20T13:45:09","modified_gmt":"2019-11-20T08:15:09","slug":"kar-hc-anticipatory-bail-granted-on-the-ground-that-there-were-no-allegation-of-fraudulent-transactions-at-relevant-time","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/14\/kar-hc-anticipatory-bail-granted-on-the-ground-that-there-were-no-allegation-of-fraudulent-transactions-at-relevant-time\/","title":{"rendered":"Kar HC | Anticipatory Bail granted on the ground that there were no allegation of fraudulent transactions at relevant time"},"content":{"rendered":"

Karnataka High Court:<\/strong> Ashok G. Nijagannavar, J. while allowing this criminal petition directed the petitioner to appear before the Investigating Officer and such Officer shall interrogate him and enlarge him on bail.<\/p>\n

In this instant petition, the petitioner prays for anticipatory bail which has already been rejected by the Sessions Court for the offences punishable under Sections 420 and 417 read with Section 34 IPC.<\/p>\n

The complainant Vijayalaxmi was an agent in Jana Sneha Wealth Real Wealth Solutions Private Ltd. Different posts were held by the accused persons in the company. The nature of the work of the agents was such that they were instructed by the Directors to collect deposits from the general public by assuring them of a higher rate of interest and to get double the amount of deposits within five years and six months.<\/p>\n

After demonetisation hit India, the accused persons started avoiding repayment to the customers. Since then, the complainant and other agents had collected nearly a crore from the customers. In December 2017, in order to make illegal gains with dishonest intentions, the accused persons locked the company. Hence, he committed fraudulent acts. After registering the case, the petitioner is being on a lookout by the Police.<\/p>\n

Counsel for the petitioner, B. Anwar Basha submitted that the petitioner had resigned from the post and after that, the remaining accused persons established the Udayamabag Branch of the Company. The petitioner is in no way concerned with the activities of neither the accused persons nor any fraudulent transactions.<\/p>\n

Counsel for the respondent-State, Seema Shiva Naik, HCGP submitted that all the accused persons had collected huge amounts of money from the innocent customers and later had failed to pay.<\/p>\n

After analyzing the submissions of the parties, the Court observed that the petitioner had resigned and later on after five years the complaint was filed. Moreover, the time the petitioner left there were no allegations as to any fraudulent acts.<\/p>\n

Therefore, the Court granted the petitioner an anticipatory bail as the grounds mentioned in the petition rightly suggests the actual apprehension of getting arrested. [Venugopal Vaidya v. State of Karnataka, 2019 SCC OnLine Kar 2095<\/b><\/a>, decided on 15-10-2019]<\/p>\n","protected":false},"excerpt":{"rendered":"

Karnataka High Court: Ashok G. Nijagannavar, J. while allowing this criminal petition directed the petitioner to appear before the Investigating Officer and <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,10],"tags":[13011,38292,18891,38291],"class_list":["post-222101","post","type-post","status-publish","format-standard","hentry","category-casebriefs","category-highcourts","tag-anticipatory-bail","tag-criminal-petition","tag-demonetisation","tag-fraudulent-transactions"],"yoast_head":"\nKar HC | Anticipatory Bail granted on the ground that there were no allegation of fraudulent transactions at relevant time | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2019\/11\/14\/kar-hc-anticipatory-bail-granted-on-the-ground-that-there-were-no-allegation-of-fraudulent-transactions-at-relevant-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kar HC | Anticipatory Bail granted on the ground that there were no allegation of fraudulent transactions at relevant time\" \/>\n<meta property=\"og:description\" content=\"Karnataka High Court: Ashok G. 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Brief factual background of the matter was\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":214647,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/05\/14\/kar-hc-anticipatory-bail-granted-in-the-interest-of-justice-to-appear-for-examination\/","url_meta":{"origin":222101,"position":1},"title":"Kar HC | Anticipatory bail granted in the interest of justice to appear for examination","author":"Bhumika Indulia","date":"May 14, 2019","format":false,"excerpt":"Karnataka High Court: A Bench of B.A. Patil, J., allowed an application for the anticipatory bail filed by an accused, an engineering student to appear for the examination. The petition was filed by the accused-petitioner under Section 438 of Code of Criminal Procedure to release him on anticipatory bail for\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":221402,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/23\/del-hc-accused-whose-anticipatory-bail-is-rejected-by-sc-ought-to-surrender-before-io-concerned-proceedings-issued-under-s-83-crpc-held-not-vitiated\/","url_meta":{"origin":222101,"position":2},"title":"Del HC | Accused, whose anticipatory bail is rejected by SC, ought to surrender before IO concerned; proceedings issued under S. 83 CrPC held not vitiated","author":"Bhumika Indulia","date":"October 23, 2019","format":false,"excerpt":"Delhi High Court:\u00a0Brijesh Sethi, J. dismissed a criminal writ petition challenging the order of the Special Judge (Prevention of Corruption) whereby proceedings\u00a0against the petitioner under Section 83 CrPC\u00a0(attachment of property of person absconding)\u00a0were initiated. 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State while\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":224249,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/15\/ker-hc-plea-for-anticipatory-bail-rejected-in-view-of-s-18-of-sc-st-prevention-of-atrocities-act\/","url_meta":{"origin":222101,"position":5},"title":"Ker HC | Plea for anticipatory bail rejected in view of S. 18 of SC\/ST (Prevention of Atrocities) Act","author":"Bhumika Indulia","date":"January 15, 2020","format":false,"excerpt":"Kerala High Court: Shircy V., J. dismissed this petition filed under Section 438 of the Code of Criminal Procedure, 1973. 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