1. Criminal Application No.4258 of 2010 is for bail by an accused in C.R.No.I-357 of 2009 for the offence punishable under Sections 417, 420, 465, 468, 471 and read with Section 34 of the Indian Penal Code, 1860 at Swargate Police Station, Pune registered upon complaint of M/s.ICICI Prudential Life Insurance Company Limited. Criminal Application No.511 of 2010 is for intervention by the first informant Company.

2. Applicant was licensed agent of the M/s.ICICI Prudential Life Insurance Company Limited. In 2008, applicant had introduced three clients from Doddanavar family for policies in respect of which annual premia were Rs. 1,50,00,000/-, Rs.10,00,000,00/-and Rs. 50,00,000/-. The applicant had received a hefty commission of Rs.80,85,000/-and gift of Rs. 2,69,99,695/- from complainant for introducing these policies. He transferred Rs.3,00,00,000/- to the account of his wife. Complainant received a request to cancel policies of client Pravin Doddanavar and for refund of premium of Rs. 10,00,00,000/- on 25th October, 2008. On 6th November, 2008, applications from Doddanavars were received for conversion of their policies from one plan to another. On 14th December, 2008, c