1. This Criminal Appeal is filed under Section 11 of the Andhra Pradesh Protection of Depositors of Financial Establishment Act, 1999 (for short ‘the Act’) challenging the order dt.28.08.2014 in Cr.M.P.No.693 of 2007 in Cr.No.42 of 2006 of CCS, DD, Team-III, Hyderabad in C.C.No.1 of 2011.

2. The appellants herein are accused Nos.1, 4 and 5 in C.C.No.1 of 2011.

3. Complaints were received by the Commissioner of Police, Hyderabad City that accused Nos.4 and 5, who were directors in A.1-Company, had collected deposits in the name of A.1, M/s.Garnet Marketing (P) Ltd., Hyderabad (A2) Companies and Sri G. Ramakrishna Rao and Company and had not refunded their deposits amounting to Rs.66.71 lakhs and interest thereon as agreed and they have committed an offence under the said Act and the IPC.

4. On 24.03.2006, a case in Cr.No.42/06 of Team III, CCS, DD was registered and was taken up for investigation. A charge-sheet was filed and the same was taken on file by the Metropolitan Sessions Judge, Hyderabad in C.C.No.1/2011 on 14.02.2011.

5. In the meantime, on the basis of material collected during investigation, the Commissioner of Police, came to the conclusion that the accused had