JUDGMENT :

1. The applicants are seeking their enlargement on bail having been arrested by the respondents in connection with an Enforcement Case Information Report bearing No. ECIR/PJZO/03/22 dated 28.1.2022.

2. Heard Mr. Atmaram Nadkarni, learned Senior Counsel along with Mr. D. Lawande, Advocate and Shri P. Faldessai, learned Assistant Solicitor General with Mr. P. Karpe, Special Public Prosecutor for the respondent.

3. Briefly stated prosecution case is as under:-

Goa Police registered an FIR bearing No. 10/2022 dated 22.1.2022 under Section 420, 408, 120-B read with Section 34 of Indian Penal Code ad Section 3 and 4 of Goa Daman and Diu Public Gambling Act 1976 and Section 66 D of the Information Technology Act, 2000 and arrested three accused namely Shashank Siddharth, Rajnish Kumar and Anup Palod. The prosecution alleged that the above named accused persons were found to be involved in serious criminal activities by using electronic devices such as laptop, mobile etc and without permission of online gaming from competent authorities, not only involved in illegal gaming activities and siphoning huge money through secret networks and thereby caused loss the exchequer of the Govern