Mumbai, Maharashtra – August 20, 2022 – The Sessions Court for Greater Bombay has rejected the bail application of Akash Shivraj Tadolgi, a 26-year-old accused of possessing and circulating counterfeit currency notes. The court, presided over by Additional Sessions Judge Shri. S.D. Kulkarni, denied bail, citing the ongoing investigation and the risk of Tadolgi fleeing or tampering with evidence.

Tadolgi was arrested in connection with C.R. No. 597/2022, registered at the Dadar Police Station, and is charged under sections 489(B), 489(C), and 34 of the Indian Penal Code (IPC), related to using and possessing counterfeit currency notes.

Accusations and Defense:

Tadolgi, through his advocate Ravi Gupta, claimed that he was falsely implicated in the case. He alleged that the prosecution’s claim of recovering fake currency notes amounting to Rs. 3,000/- (in denominations of Rs. 200 and Rs. 100) from him was fabricated. He also contested the validity of the panchanama (record of seizure) and argued that there were no eyewitnesses to his alleged use of fake currency in the market. Tadolgi emphasized his lack of criminal history and stated that he had been in jail since July 26, 2022. He assured the court that he would abide by all imposed conditions if granted bail.

Prosecution’s Counter-Arguments:

The prosecution, represented by A.P.P. Mr. Mahakal, strongly opposed the bail application. They argued that Tadolgi, a resident of Karnataka, had conspired with co-accused Shivkumar Shankar to possess and circulate counterfeit currency. The prosecution alleged that Tadolgi had received fake currency notes worth Rs. 50,000/- from Shankar and used Rs. 47,000/- of that amount in the market.

The prosecution expressed concerns that Tadolgi’s release would lead to witness intimidation and evidence tampering. They highlighted that Tadolgi was part of a larger network involved in counterfeit currency circulation, making the offense serious and requiring detailed investigation. They also argued that Tadolgi posed a flight risk.

Court’s Observations and Decision:

Judge Kulkarni, after reviewing the application and the prosecution’s response, noted that fake currency notes amounting to Rs. 3,000/- were seized from Tadolgi. The court acknowledged the prosecution’s claim that Tadolgi had received Rs. 50,000/- in fake currency from Shankar and used it in the market.

The court emphasized that the investigation was in its preliminary stages and that several individuals from Karnataka and Maharashtra were suspected to be involved in the counterfeit currency racket. Judge Kulkarni found that the prosecution’s apprehension regarding witness intimidation and flight risk was not unfounded, given the ongoing investigation and the seriousness of the offense.

Considering the necessity for custodial interrogation to facilitate a thorough investigation, the court rejected Tadolgi’s bail application.

Outcome:

The court’s decision underscores the seriousness with which counterfeit currency offenses are treated, particularly when they involve organized networks. The ruling highlights the court’s concern regarding potential obstruction of justice and the need for a comprehensive investigation. The denial of bail reflects the court’s determination to prevent the accused from interfering with the investigation and to ensure that justice is served.