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THE HIGH COURT OF JUDICATURE AT BOMBAY

CRIMINAL APPELLATE JURISDICTION

BAIL APPLICATION NO.522 OF 2020

Kishor Devidas Bhosale

R/at, A4, Flat No.604, 10 Elite Society,

Pimple Gurav, Pune, Dist. Pune.

[Presently at Central Prison, Yervada, Pune.]

]

]

]

] … Applicant

Versus

The State of Maharashtra

[Through Baramati Taluka Police Station.]

]

] … Respondents

ALONG WITH

BAIL APPLICATION NO.548 OF 2021

Kishor Devidas Bhosale

R/at, Tenilights Society, Pimpalegurav,

Sangavi, Pune.

]

]

] … Applicant

Versus

The State of Maharashtra

[Through Phaltan Police Station.]

]

] … Respondents

ALONG WITH

BAIL APPLICATION NO.723 OF 2020

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Kishor Devidas Bhosale

R/at, A4, Flat No.604, 10 Elite Society,

Pimple Gurav, Pune, Dist. Pune.

[Presently at Central Prison, Yervada, Pune.]

]

]

]

] … Applicant

Versus

The State of Maharashtra

[Through Baramati City Police Station.]

]

] … Respondents

…

Mr. Sandeep Salunkhe for the Applicant.

Mr. P.N. Dabholkar, A.P.P. for the State.

…

CORAM

: SMT. BHARATI DANGRE, J.

DATED

: 05^TH AUGUST, 2021.

ORDER:-

1.

All these three Bail Applications are filed by the same

Applicant seeking his release in three distinct CRs, two of which

are registered with Baramati City Police Station and one registered

with Phaltan Police Station, thereby invoking Sections 406, 409,

420, 467, 468 read with Section 34 of the Indian Penal Code

(“IPC”) and Sections 3 and 4 of the Maharashtra Protection of

Interest of Depositors (In Financial Establishments) Act, 1999

(“the MPID Act”). The two cases registered with Baramati City

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Police Station have culminated into Special MPID Case Nos.1 and

2 of 2019. Since the nature of accusations faced by the Applicant

is similar in nature in all the three CRs, the Applications were

tagged together and argued collectively by learned counsel for the

Applicant and learned A.P.P. The Applications are disposed of by

this common order.

2.

In C.R. No.138 of 2019 registered with Baramati Taluka

Police Station, the Complainant is one Anisha Aslam Shaikh, who

allege that she has established a Mahila Bachat Gat under

Mahalaxmi Narayan Mahila, Pune, which is controlled by Success

Group, Pune. The Bachat Gat comprised of women members,

who contributed a fixed amount of Rs.200/- per month, which was

deposited by the Complainant with one Mahadeo Dhavale of

Success Group in the Khandala Branch. It is alleged that the

founder of Success Group – Shivaji Dhamdhere and the Chairman,

Mandarani Dhamdhere interacted with the women members of the

Bachat Gat and introduced them to employment scheme and

persuaded the members to deposit their amounts in bank account

of Shivaji Success Pvt. Ltd. Thereafter, the founder of Success

Group, Shivaji Dhamdhere and the Chairman, Mandarani

Dhamdhere established, Shivjeet Mudra Multi-State Credit Co-

operative Society. In order to induce the members, a rosy picture

was painted that interest at the rate of 9% per annum would be

paid on the fixed deposit and 5% interest would be paid on the

saving and current accounts.

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3.

In C.R. No.142 of 2020, the Complainant is one Vidya

Namdeo Sapkal, who was also a member of Success Group’s

Mahalaxmi Narayan Mahila Mahasangh Pune, Branch Phaltan and

it is alleged that Shivaji Dhamdhere and Mandarani Dhamdhere of

the said Mahasangh arranged a programme in Phaltan inducing the

investors in Shivjeet Mudra Multi State Credit Co-operative

Society Limited, which was operating in the States of

Mah