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2012 DIGILAW 123 (KAR)

Siddaharth Narayan v. Central Bureau of Investigation BS & FC Cell

2012-02-14

SUBHASH B.ADI

body2012
Judgment :- Subhash B. Adi, J: 1. The petitioner is accused No.4 in RC No. 3(E) 2011 registered on 27.04.2011 by CBI, Bs & FC, Bangalore for the offences punishable under Sections 120(B) r/w Sections 406, 420, 467, 468 and 471 of IPC and Section 13(2) r/w Section 13(1)(d) of Prevention of Corruption Act. 1988. 2. This mater was heard earlier also. The learned Counsel appearing for CBI has requested for time so as to enable it to complete the investigation. During the course of the argument, learned Senior Counsel for the petitioner mentioned that accused Nos.1 i.e., Deputy General Manager and Branch head, Central bank of India, Corporate Finance Branch, Mumbai and accused No.2, the then Assistant General Manager and Branch head, Central bank of India, Corporate Finance Branch, Mumbai, though, they are accused in this case they have not been arrested and the investigation is completed on the ground that they co-operated with investigation. 3. This petitioner has been is judicial custody for almost 60 days. Investigation is also almost completed. During the course of the investigation his statement has been recorded. Without even arrest of the accused Nos.1 and 2 who are the main accused in fabricating the documents and misappropriating the large amount of the Bank, the investigation has been done by the investigating officer. 4. Considering the same and circumstances and also considering that the petitioner has been in judicial custody for more than two months, I find that this petitioner could be enlarged on bail subject to certain conditions. 5. Accordingly, the petition is allowed. Petitioner is enlarged on bail subject to the following conditions: (i) The petitioner shall execute a personal bond for Rs.50,000/-with two solvent sureties for the like sum to the satisfaction of the Trial Court. (ii) The petitioner shall regularly attend the Court on hearing dates. (iii) The petitioner shall not tamper with the prosecution witnesses. (iv) The petitioner shall co-operate with the investigation and as and when he summoned he shall appear before the CBI and assist.