1 2025:CGHC:48407 NAFR HIGH COURT OF CHHATTISGARH AT BILASPUR MCRC No. 7130 of 2025 • Md. Irfan Ansari S/o Nizamuddin, Aged About 32 Years R/o Village Datima, Police Station Bishrampur, District Surajpur (C.G.) ... Applicant versus • State of Chhattisgarh Through Station House Officer, Police Station - Bhatgaon, District - Surajpur (C.G.) ... Respondent (Cause title is taken from Case Information System) For Applicant : Mr. Sangeet Kumar Kushwaha, Advocate For Respondent/State : Mr. Jitendra Shrivastava, Government Advocate Hon’ble Shri Ramesh Sinha, Chief Justice Order on Board 19.09.2025 1. This is First bail application filed under Section 483 of the Bhartiya Nagrik Suraksha Sanhita, 2023 for grant of regular bail to the applicant arrested in connection with Crime No.77/2025 registered at Police Station – Bhatgaon District – Surajpur (C.G.) for the offence punishable under Sections 318(4), 3(5) of BNS and Section 10 of C.G. Protection of Depositors Interest Act, 2005. 2. As per prosecution story in brief is that, the applicant and another accused Vikram Jagne took a total of Rs.4,86,00,000/- from 26 investors including complainant along with Dhajnath Devangan, VAISHALI LUCKY NAGARIA Digitally signed by VAISHALI LUCKY NAGARIA Date: 2025.09.22 17:06:58 +0530 2 Mahibuddin Ansari, Tasleem Ansari through bank and phone pay by transferring money to each other’s accounts and by promising that they will get 15 percent interest on depositing money in Crypto Currency Bit Coin through their own mobile phones and the name of Bit Coin was changed to Ultrawarsh UBC Coin. 3. Learned counsel for the applicant submits that the present applicant has been falsely implicated in this case. The applicant is in jail since 24.05.2025, chargesheet has been filed and trial is likely to take some time. Therefore, she prays that the present applicant is entitled for grant of regular bail. 4. On the other hand, the learned State counsel opposes the bail application and submits that the charge-sheet has been filed in the present case before the competent Court. He further submits that applicant along with co-accused took Rs. 4,86,00,000,/- from 26 investors including complainant through bank and phone pay by transferring money to each other’s accounts and by promising that they will get 15 percent interest on depositing money in Crypto Currency Bit Coin through their own mobile phones and has cheated them and complainant has suffered of huge amount as such, the applicant is not entitled to be released on bail 5. I have heard learned counsel appearing for the parties and perused the case diary. 6. Considering the facts and circumstances of the case, submissions made by learned counsel for the parties and from perusal of the case diary, it transpires that applicant along with co-accused took Rs.4,86,00,000,/- from 26 investors including complainant through bank and phone pay by transferring money to each 3 other’s accounts and by promising that they will get 15 percent interest on depositing money in Crypto Currency Bit Coin through their own mobile phones and has cheated them and complainant has suffered of huge amount, therefore, I am not inclined to grant bail to the present applicant. 7. Accordingly, the bail application of the applicant Md. Irfan Ansari, involved in Crime No.77/2025 registered at Police Station – Bhatgaon District – Surajpur (C.G.) for the offence punishable under Sections 318(4), 3(5) of BNS and Section 10 of C.G. Protection of Depositors Interest Act, 2005 is rejected. 8. Needless to say that the trial Court concerned is at liberty to proceed and conclude the trial expeditiously. 9. Office is directed to send a certified copy of this order to the trial Court concerned for necessary information and compliance forthwith. Sd/- (Ramesh Sinha) Chief Justice vaishali