Dhayanidhi v. State of Tamilnadu Represented by

IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED : 06.02.2026 CORAM THE HONOURABLE MR JUSTICE K.RAJASEKAR Crl.O.P.Nos.1666, 1754 and 1773 of 2026 Dhayanidhi ... Petitioner (in Crl.OP.No.1666 of 2026)

1.M.Karthick

2.Sakthinathan ... Petitioners (in Crl.OP.No.1754 of 2026) Yesudass ... Petitioner (in Crl.OP.No.1773 of 2026) Vs. State of Tamilnadu rep by The Inspector of Police CCD-II, Police Station, Tiruppur District. ... Respondent COMMON PRAYER : Criminal Original Petitions filed under Section 483 of Bharatiya Nagarik Suraksha Sanhita, 2023, to grant bail to the petitioners in Cr.No.61 of 2025 on the file of the respondent police.

For Petitioners : Mr.K.Sudhakar (in Crl.OP.No.1666 of 2026) Mr.S,Senthil (in Crl.OP.No.1754 of 2026) Mr.V.Abel Jenish (in Crl.OP.No.1773 of 2026) For Respondent : Mr.A.Gopinath Government Advocate (Crl. Side) COMMON O R D E R The petitioners, who were arrested and remanded to judicial custody on 18.12.2025, 19.12.2025 and 18.12.2025 respectively for the alleged offence punishable under Section 318(4) of BNS 2023 in Cr.No.61 of 2025, on the file of the respondent police, seeks bail.

¶2The case of the prosecution is that A1 has opened fake on-line trading app and induced the defacto complainant to deposit a sum of Rs.13.30lakhs into the various bank accounts and subsequently it revealed that the said amounts have been siphoned off to the other accounts and thereby, the defacto complainant has been cheated, which led to the registration of an FIR and the petitioners have been arrested. Hence, the present case.

¶3The petitioner/Dhayanidhi in Crl.OP.No.1666 of 2026 is ranked as A3, The petitioners/M.Karthick and Sakthinathan in Crl.OP.No.1754 of 2026 are ranked as A1 and A2 and the petitioner/Yesudass in Crl.OP.No.1773 of 2026 is ranked as A4.

¶4The learned counsel appearing for the petitioners in Crl.OP.No.1754 of 2026 submitted that the petitioners herein are ranked as A1 and A2 the petitioners are in incarceration and already all the bank accounts have been attached and they have been falsely implicated in this case. He further submitted that A2 in this case is only the friend of A1 and he is not having any specific overt act as alleged in the FIR or the statements recorded from the arrested co-accused. He further submitted that the petitioners are in judicial custody from 18.12.2025 and they are ready to abide by any conditions that may be imposed by this Court. Hence, he prayed for grant of bail to the petitioners.

¶5The learned counsel appearing for the petitioners in Crl.OP.No.1666 of 2026 and 1773 of 2026 respectively submitted that the petitioners are ranked as A3 and A4 and they are the temporary staffs working in the Indian

Overseas Bank and they have assisted A1 to open the bank accounts and they have not benefitted from any of the transactions. He further submitted that the petitioners are in judicial custody from 18.12.2025 19.12.2025 respectively and they are ready to abide by any conditions that may be imposed by this Court. Hence, he prayed for grant of bail to the petitioners.

¶6The learned Government Advocate (Crl.Side) appearing for the respondent police reiterated the prosecution case and by filing the counter submitted that A1 in this case is main accused, who induced various investors to invest in his bank accounts from the help of the other accused, further all this money were diverted into various investment firms and so far no money is recovered. He further submitted that A1's on-line trading app is linked with some more cases registered and investigation in this case is pending. She further submitted that all the accused actively participated in the offence and if the petitioners are granted bail, they will indulged in similar offence. Hence, he opposed for grant of bail to the petitioner.

¶7I have also gone through the statement recorded from A1 and other accused and other connected materials which revealed that various bank accounts have been opened up and other accused have assisted A1 in this

case for the purpose of procuring and canvassing investments and also to divert the funds. Hence, all the accused were arrested. It further revealed that A1 played a major role in organizing in the group, more particularly engaging the other accused for targeting the innocent victims for making investments. However, it has been found that the other accused have not been largely benefited and they have been paid only small amount of commissions, whereas the entire amount has been swindled by A1 and so far no money is recovered

¶8Considering the nature of allegations, investigation in this case is pending, there is no major role of specific vert act against the petitioners except A1 and the period of incarceration undergone by the petitioners, I am inclined to grant bail to the petitioners/A2, A3 and A4, subject to certain conditions.

¶9Accordingly, the petitioners/A2, A3 and A4 are ordered to be released on bail on their executing separate bonds for a sum of Rs.25,000/- (Rupees Twenty Five Thousand only) each with two sureties, for a like sum to the satisfaction of the learned Judicial Magistrate-III, Tiruppur and on further conditions that:

[a] the sureties shall affix their photographs and Left Thumb Impression in the Application for Surety ship [Judicial Form No.46 annexed to 'The Criminal Rules of Practice, 2019']. The learned Magistrate shall obtain a copy of any one of the identity proofs to ensure their identity; [b] the the petitioners/A2, A3 and A4 shall report before the respondent police daily at 10.30 a.m for a period of three weeks and thereafter as and when required for interrogation; [c] the petitioners/A2, A3 and A4 shall make himself available for interrogation by a Police Officer as and when required; [d] the petitioners/A2, A3 and A4 shall not directly or indirectly cause any threat to the de facto complainant and witnesses; [e] the petitioners/A2, A3 and A4 to give an undertaking that if required for being identified by witnesses during investigation or for police custody beyond the first fifteen days, he shall comply to the directions as may be given by the Court in this regard; [f] On breach of any of the aforementioned conditions, the learned Magistrate/Trial Court is entitled to pass appropriate orders against the petitioners/A2, A3 and A4 in accordance with law as if the aforementioned conditions have been imposed and the petitioners/A2, A3

and A4 released on bail by the learned Magistrate/Trial Court himself as laid down by the Hon'ble Supreme Court in P.K.Shaji vs. State of Kerala [(2005)13 SCC 283]; [g] If the accused thereafter absconds, a fresh FIR can be registered under Section 269 of B.N.S.

¶10The Criminal Original Petition stands dismissed as against the petitioner/A1 in Crl.OP.No.1754 of 2026.

06.02.2026 Vv Note :

¶1Registry is directed to forthwith upload this order in the Official Website of this Court.

¶2All concerned to act on this order being uploaded in Official Website of this Court without insisting on certified hard copies. To be noted, this order when uploaded in the official website of this Court will be watermarked and will also have a QR code. To

¶1The Judicial Magistrate-III, Tiruppur

¶2The Inspector of Police CCD-II, Police Station, Tiruppur District.

¶3The Central Prison, Coimbatore.

4.The Public Prosecutor, High Court of Madras. oooooooooooooooooooooooooooooooooooooooooooooooo oCrl.OP.Nos.1666,o1754oando1773ooofo2026 oK.RAJASEKARoo,oJo. Vv oCrl.O.P.Nos.oo1666,o1754oando1773ooofo2026oo

06.02.2026