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3. The complainant alleged in the complaint petition that investments made by the poor and marginalized investors after 2nd November, 2017 in Pincon Securities Limited Broker House in the shape of FD/RD/MIS were misappropriated.

4. The learned counsel for the petitioners has submitted the petitioners are innocent and have falsely been implicated in this case. He has further submitted that nothing specific allegation has been attributed against the petitioners in the entire prosecution story rather there is general and omnibus allegation against the petitioners. The petitioners were appointed as Director in the alleged but he has resigned from the post of Director in the year 2013. Though there is allegation of swindling the money of depositors but during investigation, not a single dissatisfied depositor has come forward to corroborate such allegation. Admittedly, the petitioners worked in the company either till 2013 or 2014. The money which is said to Patna High Court CR. MISC. No.85830 of 2023(10) dt.30-09-2024 have been swindled relates in 2017 whereas the petitioners much prior have offered their resignation from the company. The co-accused namely Hari Singh has been granted bail by a co-ordinate Bench (then his Lordship was) of this Court in Cr. Misc. No. 79435 of 2023. The case of these petitioners are on better footing to that of co-accused Hari Singh. The petitioner (in Cr. Misc. No. 85830 of 2023) is under custody since 20.09.2022 whereas the petitioner (in Cr. Misc. No. 1305 of 2024) is under custody since 17.07.2022.

5. On the other hand, the learned APP for the State, assisted by the learned counsel for the informant has opposed the prayer for bail and submitted that the informant and others used to work as agent in the company of the accused persons. The company used to take money from poor and defenceless persons and invest it in his schemes with the promise of returning good investments at maturity. After taking investments, company did not return the maturity/amount/money due to the poor investors in Sherghati, Barachatti, Gaya, Dehri, Mausaurhi and Patna. He has also submitted that at around Rs. 7,69,46,515/- (Rupees Seven Crores Sixty-Nine Lakhs Forty-Six Thousand Five Hundred Fifteen Only) belonging to the poor investors of Sherghati Patna High Court CR. MISC. No.85830 of 2023(10) dt.30-09-2024 Branch of the accused companies have been misappropriated. He has next submitted that it has been categorically stated in the complaint/FIR that from the year 2011 itself, deposits were being taken in the name of companies such as Pincon Infrastructure Ltd and LRN Producer Limited in form of Short Term and Long-Term deposits such as FD/RD/MIS. He has further submitted that the petitioners having several criminal antecedents, cheated the poor investors.