LAWS(MAD)-2023-12-47

JOHN KENNADY Vs. STATE

Decided On December 29, 2023
JOHN KENNADY Appellant
V/S
STATE Respondents

JUDGEMENT

(1.) The petitioners seek bail in Crime No.25 of 2023 on the file of respondent police for the offences punishable under Ss. 406, 420 IPC. The petitioners were arrested and remanded to custody on 15/11/2023.

(2.) The case of the prosecution is that the petitioners along with other accused, in the guise of running a business in the name of NKB Financial Services, have collected a sum of Rs.1.50 crores from the general public and they neither obtained loan nor returned the money and thereby, cheated them. Hence, the case.

(3.) Learned counsel for petitioners submitted that the petitioners are the staffs of the said Company and they were also been cheated by not giving their salary as the prime accused found absconding and been arrested subsequently. He further submitted that the petitioners are no way connected with the alleged offences and they are ready to abide by any condition imposed by this Court. Hence, he prays for grant of bail to the petitioners.