These Bail Applications are filed under Section 482 of the Bharatiya Nagarik Suraksha Sanhita . These bail applications are connected and therefore I am disposing of these cases by a common order.

2. The petitioner is an accused in different crimes of Town West Police Station, Thrissur. It is submitted that the cases are now transferred to Crime Branch, Thrissur investigated by the Assistant Commissioner, 'C' Branch. The offences alleged against the petitioner are inter alia under Sections 406 & 420 r/w 34 of the IPC and also under Sections 3 r/w 21 , 4 r/w 22 and 5 r/w 23 of the Banning of Unregulated Deposit Schemes Act , 2019 (for short 'BUDS Act').

3. The prosecution case is that, the petitioner, who is one of the director of the Heewan Nidhi Limited and Heewan Finance Limited, with intention to defraud the depositors, received huge amount from the defacto complainant and others promising to repay the amount, with interest and thereafter, cheated the defacto complainant, without repaying the amount as promised. Hence it is alleged that the accused committed the above said offences.

4. Heard the learned Senior Counsel, Sri. S. Sreekumar as instructed by his retaining counsel ap