ORDER

1. These are first bail applications of Petitioners Faimeed Khan, Mangal Rathore and Satish under section 439 of Cr.P.C. in connection with Crime No. 637/2019 under sections 420,406,417,468,474 of IPC 66(C), 66(D), I.T. Act and 6(1) of Nikshepako Ke Hito Ka Sanrakshan Adhiniyam, 2000 registered at Police Station Vijay Nagar, District Agar Indore.

2. The case is registered on the basis of written complaint filed by one Rajendra Singh alleging that the owner and employees of the “Trade India Research Company” instigated him to open an account with the company and trade in shares. The company will provide him expert advice. With the advice of the company, he can earn huge profit by trading in shares. Several employees of the company called him again and again with fake names and instigated him to invest the money. Relying on their statements, he opened account No. 613800 1300005452 with the Punjab National Bank and deposited Rs. 23,66,000/- in parts. The company fraudulently obtained details of his income, investment capacity, risk bearing capacity, loan etc. and particulars of his Adhar Card, Pan Card, KYC and net banking password etc. by deceiving him assuring that the money wil