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Nagpur High Court

HIGH COURT GRANTED PROTECTION TO THE ACCUSSED IN M.P.I.D ACT

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The Nagpur Bench of Bombay High Court, comprising of Hon’ble Justice Vinay Joshi, granted interim protection from arrest in a case registered under Section 406, 409, 420 r/w Section 34 of the Indian Penal Code & Section 3 of The Maharashtra Prevention of Interests of Depositors (In Financial Establishment) Act, 1949.

One Dhruv Raghuvansh Saxena lodged the report with the Police Station, Sitabuldi, Nagpur, alleging therein that the accused Rajendra Waghmare along with the other co-accused has defrauded the first informant Dhruv Saxena and so many other persons alluring them of high returns in fisheries business.  The said Dhruv Saxena also averred that initially the accused- Rajendra Waghmare and co-accused have returned some amount, however since 2017 stopped making payment as assured by the accused- Rajendra Waghmare and other co-accused.  It was alleged by the first informant that the accused have committed fraud of more than Rs.10 Crores.  The Hon’ble High Court while enlarging the accused on anticipatory bail observed that, there is no allegation in respect of the amount that has been paid to the applicant/ accused and even the trial Court has not specified on the basis of which material; there is a prima-facie involvement of the accused- Rajendra Waghmare.

 

Adv. I.S. Charlewar, Deepa I. Charlewar, appeared for the applicant.Miss. T.H. Udeshi, APP for Non-applicant- State.

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