Full Judgment
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 29-05-2026
CORAM
THE HON'BLE MR.JUSTICE MOHAMMED SHAFFIQ A.Sathya W/o. Arulkumar, No. 1/89, Eswaran Kovil Street, Muthunaickenpatti, Omalur, Salem District. ..Petitioner(s) Vs The state Rep By, The Inspector of Police, Economic Offence Wing, (Crime No.08 of 2024) ..Respondent(s) PRAYER: Criminal Original Petition filed under Section 482 of BNSS, 2023 to enlarge the petitioner on bail pending Investigation in Crime No.08 of 2024 on the file of the respondent police.
For Petitioner(s): Mr.Srikanth Kolla For Respondent(s): Mr.S.Yogaraja Sekar Government Advocate (Crl.Side)
ORDER
The petitioner, who apprehends arrest at the hands of the respondent Police for the offences punishable under Sections 120 B, 406 and 420 of IPC and Section 5 of TNPID Act, in Crime No.8 of 2024 on the file of the respondent Police, seeks anticipatory bail. Page1 of 6
2. The learned counsel for the petitioner, pleading innocence on the
part of the petitioner and false implication in the case, seeks indulgence of this Court. He submits that the petitioner/A5 is an innocent person and he has not committed any offence as alleged by the prosecution. He would further submit that the co-accused/A1, A2, A3 & A4 have already been released on anticipatory bail by this Court. Therefore he prayed to grant anticipatory bail to the petitioner.
3. The case of the prosecution as put forth by the learned Government
Advocate (Crl.Side) appearing for the respondent police, opposing for grant of anticipatory bail, is that the petitioner is ranked as A5 in this case. It is alleged that the accused collected Rs.40 lakhs from 30 victims by promising high returns, which were not honoured. The amounts paid by the victims were allegedly routed through the petitioner’s bank account and used for the purchase of landed properties in his name. It is further submitted that the accused were aware of the transactions and properties purchased, indicating active participation in the offence. Since no property has been recovered so far, the custodial interrogation is necessary.
4. At this juncture, the learned counsel for the petitioner submitted that the petitioner, without prejudice to his defense and contention, is ready and Page2 of 6 willing to deposit an amount of Rs.25,000/- to any association. Hence, he prays for grant of anticipatory bail to the petitioner.
5. Having heard the learned counsel for the petitioner, the learned
Government Advocate (Crl.Side) appearing for the respondent Police and perused the materials available on record and though the co-accused/A1, A2, A3 and A4 have already been granted anticipatory bail, and also taking note of the fact that the petitioner has come forward to deposit an amount of Rs.25,000/- to the credit of “Account Name : Tamil Nadu Advocate’s Clerk’s Association, Account No.484026006, Branch: Indian Bank High Court, IFSC No.IDIB000M157”, and also considering that the petitioner has no previous cases against him, this Court is inclined to grant anticipatory bail to the petitioner with certain conditions. Accordingly, the petitioner is ordered to be released on bail in the event of arrest or on her appearance, within a period of fifteen days from the date on which the order copy made ready, before the learned Special Court under TNPID Act, Chennai on condition that the petitioner shall execute a bond for a sum of Rs.15,000/- (Rupees Fifteen Thousand only) with two sureties each for a like sum to the satisfaction of the learned Magistrate concerned, failing which, the petition for anticipatory bail shall stand dismissed and on further condition that: [a] the petitioner and the sureties shall affix their
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photographs and Left Thumb Impression in the surety bond and the Magistrate may obtain a copy of their Aadhar card or Bank pass Book to ensure their identity; [b] the petitioner shall report before the respondent Police, daily at 10.30 a.m., for a period of three weeks and thereafter as and when required for interrogation; [c] the petitioner shall not tamper with evidence or witness either during investigation or trial; [d] the petitioner shall not abscond either during investigation or trial; [e] On breach of any of the aforesaid conditions, the learned Magistrate/Trial Court is entitled to take appropriate action against the petitioner in accordance with law as if the conditions have been imposed and the petitioner released on bail by the learned Magistrate/Trial Court himself as laid down by the Hon'ble Supreme Court in P.K.Shaji vs. State of Kerala [(2005)AIR SCW 5560]; [f] If the accused thereafter absconds, a fresh FIR can be registered under Section 269 of B.N.S.
29.05..2026 DRL Page4 of 6 Note:
1. Registry is directed to forthwith upload this order on the Official Website of this Court.
2. All concerned to act on this order being
uploaded on Official Website of this Court without insisting on certified hard copies. To be noted, this order when uploaded in the official website of this Court will be watermarked and will also have a QR code. 29-05-2026 DRL To 1.The Special Court under TNPID Act, 2.The Inspector of Police, Economic Offence Wing, 3.The Public Prosecutor, High Court, Madras. Page5 of 6
MOHAMMED SHAFFIQ, J.
DRL 29-05-2026 Page6 of 6