JUDGEMENT

Tirthankar Ghosh, J.—Petitioner has prayed for bail in connection with M.L. Case No. 01/2023 pending before the Learned Special Judge, CBI Court No.1 (being the learned Judge-in-charge of E.D. Court) as he is in custody for more than 14 months and there has been no progress in the case, further according to the petitioner investigation is still continuing and there is hardly any possibility of the trial commencing soon.

2. The genesis of the case was on the basis of a complaint by the Regional Manager, Regional Office III, Canara Bank, Kolkata and the subject related to one of the branches of the Bank at Narendrapur, B.D. Memorial Institute, West Bengal wherein M/s. T.M. Traders (A/C No. 120001761068) and M/s. K.K. Traders (A/C no. 120001761042) opened current account in their names on 31.08.2022. The aforesaid two firms submitted their KYC documents alongwith the account opening forms. Transactions were made on 12.09.2022 by M/s. T.M. Traders and on 03.09.2022 by M/s. K.K. Traders in their account. During the initial stage there were no huge transactions noticed by OTM Cell, Bangalore, (which is the controlling office of the bank, engaged in vigilance over abnormal trans