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As per prosecution case, the applicants and co-accused person, who were the Chairman and Agents of Pincon Group of Company collected huge amount from innocent persons assuring them to double their money within a stipulated period. However, they did not pay the money even after the maturity periods. On the other hand, they closed down the company Office and embezzled the huge amount of innocent people. Thus, they cheated innocent people. The specific allegation against the applicants are that they are the agent of the company and they induced the complainant/other innocent people to deposit the money with the company.