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1. Heard learned counsel for the applicant, Shri K.P. Pathak, learned AGA for the State and perused the material on record.

2. The instant bail application has been filed on behalf of the applicant - Vinay Singh alias Binay Singh with a prayer to release him on bail in Case Crime No. 672 of 2018, under Sections 419, 420, 406, 409 & 120-B IPC, Police Station ? Cantt., District ? Gorakhpur, during pendency of trial.

3. Learned counsel for the applicant submits that the applicant is innocent and he has been falsely implicated in the present, whereas he was neither the member of Board of Directors of Companies, namely, Greeniz Food Products Limited and M/s Bengal Pincon Housing Limited. He further submits that the applicant was independent Director of L.R.N. Finance Limited for the period from period 30.04.2014 to 18.12.2014. At the relevant point of time the investors have deposited about Rupees Nineteen Lakh which has already been paid by the applicant as is mentioned in the order dated 09.01.2020 (Annexure-6 to the bail application), whereby the Calcutta High Court granted bail to the applicant in respect to such deposit. The applicant being an independent Director for only a period as mentioned above, wherein only Rupees Nineteen Lakh was invested during that period, though not being liable for the same, he has already deposited the amount. Apart from the aforesaid, there is no other allegation against the applicant. Several first information reports have been lodged with the same set of allegations, wherein the applicant has already been released on bail. Copy of some bail orders have been brought on record as Annexure No. 11 to the affidavit filed in support of bail application. Learned counsel for the applicant further submits that in one case though the applicant has been convicted but he has already been released on bail in an appeal filed before the competent court, which is evident from a perusal of order dated 04.02.2022, Annexure-10 to the affidavit filed in support of bail application.

4. The applicant has explained criminal history in Paragraph-35 of the affidavit filed in support of bail application. In paragraph-33 it has been stated that prior to the commission of alleged offence relating to Pincon Group including Universal Multistate Credit Cooperative Society Ltd., there has been no previous criminal history against the applicant. All the first information reports have been lodged against him subsequent to the FIR as Director of Pincon Group of Companies. It is further stated that the applicant is languishing in jail since 04.12.2017, in case he is released on bail, he will not misuse the liberty of bail and will cooperate in the trial by all means. Lastly, it is submitted that there is no chance of applicant's fleeing away from judicial process or tampering with the witnesses.