JUDGMENT :

Virender Singh, J.

Applicant-Hitesh Gandhi has filed the present application, under Section 439 of the Code of Criminal Procedure (hereinafter referred to as ‘CrPC’), seeking, his release on bail, during the pendency of trial, in case No. ECIR/SHSZO/04/2019, dated 22nd July, 2019, registered with the Enforcement Directorate office (ED), Sub Zonal office, Rani Villa, Bagrian House, Strawberry Hills, Chotta Shimla, Shimla, Himachal Pradesh.

2. According to the applicant, the necessary facts, giving rise to the present case, are as under:

3. The Central Bureau of Investigation, Shimla, Railway Board Building, The Mall, Shimla (hereinafter referred to as ‘CBI’) had registered RC0962019A0002,dated 7th May, 2019, under Sections 409, 419, 465, 466, 467 read with Section 120-B of the Indian Penal Code (hereinafter referred to as ‘IPC’) and Sections 13(1) (c), 13 (1) (d) read with Section 13 (2) of the Prevention of Corruption Act (hereinafter referred to as ‘PC Act’).

4. As per the case set up by CBI, the applicant, who is Vice Chairman of KC Group of Institutes, Pandoga, Una, H.P., has wrongly claimed the scholarship of the students belonging to certain class, who, without completin