Telangana High Court

CRLP/15286/2013 of Vaka Saradhi Vs The State of AP., on 31 December 2013

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SRI JUSTICE R. KANTHA RAO CRIMINAL PETITION No.15286 of 2013 ORDER: This criminal petition is filed by the petitioners-A1 to A3 under Section 438 of the Criminal Procedure Code seeking anticipatory bail in Crime No.566 of 2013 of IV Town Police Station, Visakhapatnam City, registered for

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THE HONOURABLE SRI JUSTICE R. KANTHA RAOCRIMINAL PETITION No.15286 of 2013ORDER:

This criminal petition is filed by the petitioners-A1 to A3under Section 438 of the Criminal Procedure Code seekinganticipatory bail in Crime No.566 of 2013 of IV Town PoliceStation, Visakhapatnam City, registered for the offence punishableunder Sections 406 and 420 of IPC and Section 5 ofA.P.P.D.F.E.Act.

2. Heard the learned counsel appearing for thepetitioners – A1 to A3 and the learned Additional Public Prosecutorrepresenting the respondent-state.

3. According to the prosecution, the company by nameViswas Real Estates and Infrastructures India Limited doing realestate business in Visakhapatnam city, collected huge amountsfrom the general public to the tune of rupees more than one croreand cheated them. First petitioner is the Managing Director of thesaid company, petitioners 2 and 3 are the C.E.O. and SeniorGeneral Manager of the above company respectively.

4. Having regard to the serious nature of the allegations, Iam not inclined to grant anticipatory bail to the petitioners.

5. In the result, the Criminal Petition is dismissed.

31[st] December 2013,Rns

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R. KANTHA RAO, J.

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