B.A.PATIL, J.

1. This petition is filed by accused No.2 under Section 438 of Cr.P.C. to release him on anticipatory bail in Crime No.RC-1/E2018-CBI/BS&FC/BLR for the offences punishable under Sections 420, 120B of IPC and also under Sections 13(2) r/w. Section 13(1)(d) of Prevention of Corruption Act of 1988.

2. I have heard the learned Senior Counsel Sri L. Ravichander on behalf of the petitioner and Sri P.Prasanna Kumar, learned Standing Counsel for respondent-CBI.

3. Before going to consider the submissions made by the learned counsel for the parties, it is necessary to state the genesis of the case of the prosecution that complainant-Company is a financial institution, a Government of India undertaking. Accused No.1- Company is a Private Limited Company registered under the Companies Act, 1956 engaged in the business of procession and trading of agricultural commodities. Accused No.2 being the Managing Director and accused No.3 a Director of accused No.1-Company were in charge of the affairs of the said Company. It is alleged that accused Nos.2 and 3 on behalf of accused No.1-Company approached the complainant-Company for a term loan and offered 16 properties for mortgag