These bail applications are filed under section 482 of the
Bharatiya Nagarik Suraksha Sanhita, 2023 (for short ‘BNSS’).
2. Petitioner is an accused in different crimes before the
Mannarkad Police Station. The following are the Crime Numbers in
which he is arrayed as an accused. The offences alleged against the
petitioner are under Section 420 of the Indian Penal Code, 1860, apart
from Section 3 r/w Section 21, 5 r/w Section 23 of Banning of
Unregulated Deposit Schemes Act, 2019 (for short ‘BUDS Act’). Crime
Nos.297, 268, 235, 889, 693, 226, 694, 308, 273, 216, 290, 292 and
284 of 2024 respectively and petitioner is the accused in all the above
crimes.
3. The prosecution alleged that the accused had induced the
de facto complainants’ to invest large amounts of money promising to
disburse profits and also free medical aid in the hospital run by
accused Nos. 1 to 3 and thereafter failed to pay any profit and also
refused to give free medical aid and thereby committed the offences
Bail Appl. Nos.5223 of 2025 and Conn. Cases.