CORAM : AMIT BORKAR, J. DATED : AUGUST 13, 2025 P.C.:

1. By this application under Section 439 of the Criminal Procedure Code , 1973 (“Cr.P.C.” for short), the applicant seeks his release on regular bail in connection with Special Case No. 928 of 2022 arising from Crime Register No. I-274 of 2021 registered with Kasarvadavali Police Station. The case is for offences punishable under Sections 420 , 406, 409 read with Section 3 4 of the Indian Penal Code , 1860 (“IPC” for short) and Section 3 of the Maharashtra Protection of Interest of Depositors (in Financial Establishment) Act, 1999 (“MPID Act”).

2. The prosecution case, in brief, is that accused No. 2, Shrikant Palande, visited the informant’s house and introduced himself as the proprietor of a company named Anuja Consultancy, engaged in forex trading. He assured the informant that an investment of ₹1 lakh would yield a return of ₹5,000 per month. He also pro