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5. It is contended that petitioner is only Director but he is shareholder of the company. At present he is Executive Director and CFO of Pincon Group Ltd. It is also contended that in similar type of case, charge-sheet has been filed of West Bengal. Petitioner has been declared as absconder by that Court.

6. I have considered the contentions.

7. Considering the arguments put forth by counsel for the State, I am not inclined to allow the anticipatory bail application.