JUDGMENT :

S.K. Panigrahi, J.

The petitioner has approached this court seeking bail in connection with Complaint Case C.M.C. (PMLA) No. 47 of 2017 arising out of ECIR/07/2009/BBSR pending before the Ld. Sessions Judge, Khorda-cum-Special Court under PMLA, Khorda at Bhubaneswar under Section 439 of the Code of Criminal Procedure, 1973.

2. A brief factual background of the case demonstrates that a case was registered at Sahadevkhunta Police Station, District-Balasore, Odisha bearing FIR No. 118/2009 dated 17/07/2009 U/s.406/420/468/471/34, I.P.C. and Sections 4, 5 and 6 of Prize Chits and Money Circulation Schemes (Banning) Act, 1978 on the basis of a written complaint dated 17/07/2009 lodged by one Niranjan Sahoo, alleging that he had been cheated and defrauded by alluring to invest Rs. 10,000/- in the attractive investment Scheme of M/s. Fine Indisales Pvt. Ltd. (hereinafter referred as to M/s. “FIPL”). It is further alleged that he has been the receiving end of such deceptive Scheme once again and deposited of Rs. 40,000/- therein. He also introduced 20 other persons to invest in