JUDGMENT :

Chander Bhusan Barowalia, J.

The present bail application has been maintained by the petitioner under Section 439 of the Code of Criminal Procedure seeking his release in case FIR No. 51 of 2016, dated 07.02.2016, under Sections 406, 420 and 120 IPC, registered in Police Station Sadar Hamirpur, District Hamirpur, H.P.

2. As per the averments made in the petition, the petitioner is innocent and has been falsely implicated in the present case. He is neither in a position to tamper with the prosecution evidence nor in a position to flee from justice. No fruitful purpose will be served by keeping him behind the bars for an unlimited period, so he be released on bail.

3. Police report stands filed. As per the prosecution story, on 27.02.2016 Shri Mansa Ram (complainant) made a written complaint to the police and alleged that in the year 2014 the petitioner allured of 18% interest on the investment in company, namely, Blue Grass Company, which was of the petitioner. The said company had its branch in Hamirpur. The people were allured and promised exorbitant rate of interest. As per the complainant, the petitioner and others used to come to Hamirpur and urge for more investment in