ORDER

This application is filed under Section 483 of the Bharatiya Nagarik Suraksha Sanhita , 2023 (for short, BNSS ), seeking regular bail.

2. The applicant is the accused No.2 in Crime No.1765/2025 of Chingavanam Police Station, Kottayam District. The offences alleged are punishable under Sections 406 and 420 read with Section 34 of the Indian Penal Code , 1860.

3. The prosecution case, in short, is that the applicant being the Managing Director of Nedumparambil Nidhi Limited induced the defacto complainants therein to deposit amounts promising interest and thereafter cheated them without giving interest as promised or returning the amount invested and thereby committed the offences.

4. I have heard Sri.Naveen Thomas, the learned counsel for the applicant and Sri. M.C.Ashi, the learned Senior Public Prosecutor. Perused the case diary.

5. The learned counsel for the applicant submitted that the applicant is innocent and has been falsely implicated in the present case. The counsel further submitted that no materials are on record to connect the applicant with the alleged crime; hence, he is entitled to bail. On the other hand, the learned Senior Public Prosecutor submitted that th