JUDGMENT

S. K. Sahoo, J. - The petitioner Ambika Prasad Mohanty has filed this application under section 439 of Code of Criminal Procedure seeking for bail in connection with E.O.W., Bhubaneswar P.S. Case No.09 of 2019 corresponding to C.T. Case No.03 of 2019 pending on the file of Presiding Officer, Designated Court, O.P.I.D. Act, Cuttack for offences punishable under sections 467, 468, 471, 420, 406, 120-B of the Indian Penal Code read with section 6 of the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011 (hereafter 'O.P.I.D. Act').

2. The prosecution case, as per the first information report lodged by one Sri Ratikanta Samal is that one Prafulla Kumar Sarangi, S/o. Bidyadhar Sarangi of Vill.-Baghathenga, P.O.- Taladanda, P.S.-Kujanga, Dist.-Jagatsinghpur, at present Plot No.LB-239, Bhimtangi, P.S.-Airfield, Bhubaneswar being an employee of Andhra Bank formed a Co-operative Society in the year 1995 namely 'Andhra Bank Employees Housing Cooperative Society' vide Certificate of Registration No.33 dt.26.10.1995 in the office of Registrar of Co-operative Societies, Orissa with a view to provide housing plots to the employees of Andhra Bank at Bhubane