CUTTACK, India, June 12 -- Orissa High Court issued the following order on May 12:

1. This matter is taken up through Hybrid Arrangement (Virtual/Physical Mode).

2. Since these two bail applications arise out of one and same case record, the same are heard together and disposed of by this common order with the consent of the learned counsel for the parties.

3. These are the bail applications U/S.439 of CrPC by the petitioners for grant of bail in connection with EOW Bhubaneswar P.S. Case No.06 of 2023 corresponding to G.R. Case No. 01 of 2023 pending in the file of learned P.O., Designated Court under the OPID Act, Berhampur, Ganjam, for commission of offences punishable U/Ss.420/467/468/471/120-B of the IPC r/w. Section 4/5/6 of the PCMCS (Banning) Act and Section 6 of the OPID Act and Section 66(D) of the IT Act, on the allegation of cheating innocent depositors by alluring them to invest money in Online App on the assurance of high returns and in the process swallowing their harden money.

3. Heard, Mr. Jyotirmaya Sahoo, learned counsel for the petitioner in BLAPL No. 37 of 2024, Mr. Surjya Narayan Sahu, learned counsel for the petitioner in BLAPL No. 10483 of 2024 and Mr. Anil Kumar Nayak, learned counsel for the OPID in the matter and perused the record.

4. After having considered the rival submissions upon perusal of record, there appears allegation against the petitioner-Dileep Kumar P that he was the director of the M/s. Priwest Global Solutions Pvt. Ltd. and since January, 2022, a sum of Rs. 19.49Crores of the investors had been illegally transacted through its account, but such amount of gullible investors was again immediately transferred to other accounts including his personal account. The same allegation is against the petitioner-Naveen Poriwar, who was the director of M/s. Edudaddy Institute of Advanced Studies Pvt. Ltd. for siphoning a sum of Rs.11.13 Crores of the innocent investors. It is further alleged in the charge sheet that during 2021-23, a total amount of Rs.605.55Crores have been illegally transferred to 143 numbers of accounts and routed through such illegal betting App "18football.com". Investigation also allegedly revealed that the informant and others were allured to deposit money on an online App "18football.com" which was later found to be a fraud app and operated by one George Enzo and the present petitioners were transacting the investment of the gullible depositors through such illegal app "18footbal.com".

5. In view of the above facts and after having considered the rival submissions and taking into account the enormity of allegation levelled against the petitioner for siphoning away Crores of rupees of the gullible depositors, this Court does not find any reason to grant bail to the petitioners.

Hence, the bail applications of the petitioners namely Dileep Kumar P (BLAPL No.37 of 2024) and Naveen Poriwar (BLAPL No. 10483 of 2024) stand rejected.

6. Accordingly, BLAPL Nos.37 & 10483 of 2024 stand disposed of.

8. Issue urgent certified copy of the order as per Rules.

Disclaimer: Curated by HT Syndication.