Crl.O.P.No.23398 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 01.09.2025 CORAM THE HONOURABLE Dr. JUSTICE G.JAYACHANDRAN Crl.O.P.No.23398 of 2025 R.Nageshwaran ... Petitioner Vs. State rep by: The Inspector of Police, Bank Fraud Investigation Wing, Alpha-1, Central Crime Branch, Veppery, Chennai. (Crime No.94 of 2025) ... Respondent PRAYER : Criminal Original Petition filed under Section 483 of Bharatiya Nagarik Suraksha Sanhita, 2023, to enlarge the Petitioner on bail in Crime No.94 of 2025 on the file of the respondent police. For Petitioner : Mr.V.Shenaz For Respondent : Mr.A.Gopinath Government Advocate (Crl.side) O R D E R The petitioner, who was arrested and remanded to judicial custody on 26.06.2025, for the offence punishable under Sections 409, 467, 468, 471, 420 IPC, in Crime No.94 of 2025, registered on the file of the respondent, seeks bail. 1/4 https://www.mhc.tn.gov.in/judis Crl.O.P.No.23398 of 2025 2.It is a serious bank fraud case wherein it is alleged that Rs.4,36,70,000/- (Indian Rupees Four Crores Thirty-Six Lakhs Seventy Thousand Only) has been misappropriated by the petitioner in connivance with other accused. 3.The learned Government Advocate (Crl.Side) appearing for the respondent police opposed for grant of bail on the ground that some of the accused have absconding. The money misappropriated by falsification of document been diverted to merely twenty bank accounts but the petitioner had cleverly siphoned those money and secreted elsewhere and so far money could not be recovered. Unless and until the petitioner is retained in prison and the absconding accused are secured, there cannot be progress in the investigation. 4.Considering the objection and abscondance of the other accused as well as the stage of investigation, petition for bail is dismissed for the present. 01.09.2025 gbi 2/4 https://www.mhc.tn.gov.in/judis Crl.O.P.No.23398 of 2025 To 1.The Inspector of Police, Bank Fraud Investigation Wing, Alpha-1, Central Crime Branch, Veppery, Chennai. 2.The Public Prosecutor, High Court of Madras. 3/4 https://www.mhc.tn.gov.in/judis Crl.O.P.No.23398 of 2025 Dr.G.JAYACHANDRAN, J. gbi Crl.O.P.No.23398 of 2025 01.09.2025 4/4 https://www.mhc.tn.gov.in/judis