YOGESH KUNDRA Vs. STATE OF PUNJAB

JUDGEMENT

(1.) THIS is a petition filed under Section 438 of the Code of Criminal Procedure, 1973 (for short, 'Cr.P.C.) for grant of anticipatory bail to the Petitioner in a case registered vide FIR No. 320 dated 30.7.2010 under Sections 420,423,467,468,471 and 477 -A of IPC, at Police Station, Civil Lines, District Amritsar.

(2.) BEFORE coming to this Court, the Petitioner had applied twice for bail before the Court below, but has remained unsuccessful despite the fact that he was even granted interim bail and was allowed to join the investigation but recovery could not be effected .

(3.) AS against this, learned Counsel for the Petitioner has submitted that he was working as a Relationship Manager in the bank and the amount of insurance has been invested by him in the policies obtained by the complainant. At the same time, he has admitted before this Court that he had sworn an affidavit dated 10.6.2010 (in Punjabi), wherein he has admitted that he has obtained policies against the wishes of the complainant and has defrauded them. However, he has explained that this affidavit was given by him only on the assurance of the complainant that if this affidavit is given by him, then they would not register any case against the Petitioner.