Neutral Citation No. ( 2025:JHHC:24549 ) IN THE HIGH COURT OF JHARKHAND AT RANCHI B.A. No. 2303 of 2025 ------ Lokeshwar Sah, aged about 43 years, son of Govind Sah, resident of Upper Doud Nagar, Dibdih, P.O. & P.S.-Doranda, District-Ranchi … … Petitioner -Versus - The State of Jharkhand ... … Opposite Party ------ CORAM: - HON’BLE MR. JUSTICE AMBUJ NATH ------ For the Petitioner : M/s. Vikesh Kumar, Advocate For the State : M/s. Pinki Sinha, A.P.P. ----- 03/20.08.2025 Heard the parties 2. The petitioner has been made accused in connection with C.I.D. P.S Case No. 44 of 2024, for the offences registered under Sections 316(5), 318(4), 338, 336(3), 340(1), 340(2), 61(2) and 111(4) of the B.N.S., 2023, pending in the Court of learned Additional Judicial Commissioner-XVIII- cum-Special Judge, C.I.D., Ranchi. 3. Rs. 40,50,00,500/-was deposited in Central Bank of India, Birsa Chowk Branch by Jharkhand Urja Utpadan Nigam Limited. It appears that in connivance with the bank employees of Central Bank of India, a fake account was opened and the entire amount was transferred in the said fake account. It further appears that the Branch Manager Lolas Lakra, has enticed the General Manager of Jharkhand State Electricity Employees Master Trust to deposit the amount in fixed deposit scheme. It appears that this entire amount was embezzled and forged fix deposit receipts were given to the informant. The informant on being suspicious, visited the bank to enquire about his money. Later, it transpired that the entire amount was embezzled. With the connivance of bank officials and officers of Jharkhand Urja Utpadan Nigam Limited. 4. It was submitted that the petitioner is neither a bank employee, nor he was employee of Jharkhand Urja Utpadan Nigam Limited. It was further submitted that the only allegation against him is that he had connived with the bank officer and the officers of Jharkhand Urja Utpadan Nigam Limited. It was further submitted that several co-accused persons including the bank Manager Lolas Lakra have been granted bail by a different Co-ordinate Benches of this Court. 5. Mr. P.C. Sinha, learned lawyer appearing on behalf of the State has opposed the prayer for bail and submitted that on the confession of the petitioner, some money, jewelries and landed papers were recovered. 6. At this stage, learned counsel appearing on behalf of the petitioner has submitted that the money and jewelries belongs to the petitioner and the land in question is his ancestral land and was not purchased by him. 7. Considering the fact that several co-accused persons have been granted bail by different Co-ordinate Benches of this Court and also the fact that the petitioner is neither a bank employee, nor the employee of Jharkhand Urja Utpadan Nigam Limited, I am inclined to release the petitioner, on bail. Accordingly, the petitioner, named above, is directed to be released on bail on furnishing bail bond of Rs. 20,000/- (Rupees Twenty Thousand) with two sureties of the like amount each, to the satisfaction of learned Additional Judicial Commissioner-XVIII-cum-Special Judge, C.I.D., Ranchi in connection with C.I.D. P.S Case No. 44 of 2024. (Ambuj Nath, J.) Nandini/- Uploaded