JUDGMENT

Rohit B Deo, J. - The applicant, who is arraigned as accused 6 in Crime 405/2019, registered with Police Station Lakadganj, Nagpur, for offences punishable under sections 406, 409, 417, 419, 420, 465, 466, 467, 468, 469, 471, 472, 473, 474, 120 read with section 34 of Indian Penal Code, is seeking regular bail invoking section 439 of the Criminal Procedure Code, 1973 ("Code").

2. Gist of the prosecution case:-

2.1 The accused Ajinkya Vilasrao Deshmukh, Amol Ravikiran Kumbhare, Anagha Nikhil Bhusari, Vikky Rameshkumar Jat, Amit Chandrashekhar Bhagwat and the applicant Mangesh Ranjit Jagtap entered into a criminal conspiracy to perpetrate a fraud of humongous proportion, the immediate victim of which is the Andhra Bank and the eventual sufferers the public at large.

2.2 The substratum of the prosecution case is that accused Anagha Bhusari was the Branch Manager of Itwari Branch of Andhra Bank. The accused entered into a criminal conspiracy and manipulated sanction of 69 loans inter alia housing loan, vehicle purchase loan and cash loan from the Itwari, Manewada and Bokhara Branches of the Andhra Bank. Loans were obtained in the name of non-existent business concerns or family