ORDER

This application is filed under Section 482 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (for short, BNSS ), seeking pre-arrest bail.

2. The applicant is the accused No.3 in Crime No.953/2025 of Peramangalam Police Station, Thrissur District. The offences alleged are punishable under Sections 4 06 and 420 read with Section 3 4 of the Indian Penal Code (for short ‘ IPC ’) and Section 3 read with Section 21 , Section 4 read with Section 22 , Section 5 read with Section 23 of the Banning of Unregulated Deposit Schemes (BUDS) Act, 2019 (for short ‘BUDS Act’).

3. The prosecution case, in short, is that the applicant, being the Director of the financial institutions by names Aspire Nidhi Limited and Aspire Agro Nidhi Ltd., collected a total amount of Rs.1,30,00,000/- and 179.675 sovereigns of gold from the defacto complainant on behalf of the firms by fraudulenty and dishonestly inducing them and by making them believe that the amount would be returned with high rate of interest. But, thereafter the applicant failed to comply with the terms or returned the amount or gold and thereby committed the aforesaid offences.

4. I have heard Sri.D.Vimal Dev, the learned counsel for the