IN THE HIGH COURT AT CALCUTTA

(Criminal Revisional Jurisdiction)

Appellate Side

Present:

Justice Bibhas Ranjan De

C.R.R. 4314 of 2024 UBS Switzerland AG

Vs.

The State of West Bengal & Ors.

For the Petitioner :Mr. Sanjay Banerjee, Adv.

Mr. Srinivas Chatti, Adv.

Ms. Labony Ray, Adv.

For the State :Ms. Rituparna De Ghosh, Adv.

Ms. Diksha Ghosh, Adv.

For the opposite party no. 2 :Mr. Ayan Bhattacharya, Sr. Adv.

Mr. Shonok Monda, Adv.

Mr. A.K. Dey, Adv.

Last Heard on :09.07.2025

Judgment on :21.08.2025

Bibhas Ranjan De, J.

1. Petitioner/ UBS Switzerland AG lodged a complaint against the accused/ opposite party no. 2 to 7 herein before West Port Police Station on 28.03.2018 which was registered as West Port Police Station Case No. 88 of 2018 on an allegation that the petitioner pledged goods of over Rs. 55 crores which were delivered in Kolkata and those goods were misappropriated by the accused/opposite party no. 2 to 7 herein. At the time of granting anticipatory bail an amount of INR 10 crores was deposited by accused no. 2 to 4 and subsequently petitioner/defacto complainant was allowed to withdraw the said amount.

2. After successive investigation two closure reports were filed and the Ld. Chief Judici