ORDER :

These Bail Applications are filed under Section 482 of Bharatiya Nagarik Suraksha Sanhita.

2. The petitioner is an accused in different crimes of Chingavanam Police Station. The above cases are registered against the petitioner alleging offences punishable under Secs.406 & 420 IPC and also under Sec.21 & 23 of the Banning of Unregulated Deposit Schemes Act, 2019 ( for short 'BUDS Act').

3. The prosecution case in brief in all these cases is that the accused with an intention to cause wrongful loss to the defacto complainant in these cases and to make wrongful gain to themselves made the defacto complainant to believe that high interest will be given, if money is invested in the firm M/s. Kelamangalam Financiers and Investors situated at Pannimattom owned by the 1^st accused and believing the same, the defacto complainant in her own name and in the names of her relatives, deposited huge amount and the said amount did not return and interest is also not paid. Hence, it is alleged that the accused committed the offences.

4. Heard the learned counsel for the petitioner and the learned Public Prosecutor.

5. The counsel for the petitioner submitted that the petitioner was working as a