ORDER

26.11.2024

Heard Mr. B. K. Mahajan, learned counsel for the petitioner. Also heard Mr. M. Haloi, learned Standing counsel, CBI.

2. By filing this petition under Section 483 of the BNSS, 2023 the accused- petitioner, namely, Sapnanil Das, has prayed for grant of bail in connection with CBI Case No. RC. 221/2024/E0014 (corresponding to Dispur PS Case No. 934/2024) under Section 21(1)/21(2)/21(3)/22/23 of the Banning of Unregulated Deposit Schemes Act, 2019 (herein after as BUDS Act) and Section 406/420 of the IPC added Section 409 of the IPC and Section 316(5) of BNS, 2023 .

3. The brief fact of the case is that on 07/08/2024, an FIR has been lodged before the Director General of Police, Assam, stating inter alia that the petitioner, who is the owner of Trading For A Living (TFAL) introduced himself to be the No. 1 trading community in Assam and promised better financial success with an assurance to provide guaranteed profit on online trading business. Accordingly, the informant joined his online classes along with other students, invested their hard earned money through online market. But the informant suffered a huge loss amounting to Rs. 24, 00,000/- by investing his money on t