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5. Per contra, learned APP has vehemently opposed the present application for grant of regular bail contending that the present applicant is seen in the CCTV footage of one of the Angadia pedhi wherein the present applicant is seen receiving the cash. Moreover, the present applicant had made telephonic calls to the victims asking them to invest their money in the stock market. Thus there is an active participation on part of the present applicant in commission of the offence in question. Learned APP therefore submitted that looking to the nature and gravity of offence, this Court may not exercise the discretion in favour of the applicant and the application may be dismissed.

6. Heard learned advocates for the respective parties and perused the record. From the record it appears that the investigation is over and charge- sheet has been filed. As per the case of prosecution, the present applicant had allegedly made telephonic calls to the victim asking them to invest their money in the stock market. Moreover, the present applicant had also received some amount from the Angadia pedhi and is also seen in the CCTV footage of the said Angadia pedhi. The other co-accused who is similarly situated to the present applicant has been considered for grant of bail by the Co-ordinate Bench of this court. Considering the same, the application deserves consideration.