ORDER

This is second bail application filed under Section 439 of Cr.P.C. on behalf of applicant who is in jail since 23.05.2023 in connection with Crime No.437/2021, registered at Police Station Vijay Nagar, District Jabalpur (M.P.) for the offence punishable under Sections 420, 465, 467, 468, 120-B, 294, 506, 201 and 409 of IPC and Sections 7 and 13(2) of Prevention of Corruption Act.

2. Learned counsel appearing for the applicant submitted that applicant is in jail since last 10 months. Investigation is complete and charge sheet has been filed. As per allegations, an amount of Rs. One Crore has been credited in the joint account of applicant. Main accused in the case is Suresh Matani who is brother of applicant. Said accused alongwith bank officials are stated to have opened loan account and has later on withdrawn money from it. Applicant does not have any overt act. He cannot be held responsible for cheating and forgery if money is deposited in the joint account holder. To show his bonafide, applicant is ready to deposit 50% of the defalcated amount i.e. Rs.50,00,000/- before the trial court. In these circumstances, applicant may be enlarged on bail.

3. Learned Govt. Ad