In this petition filed under Sections 437 and 439 Cr.P.C, the petitioner/AO craves for bail.

2. FIR No.05/RCA-CR-1/2018 dt.16.03.2018 was registered against AO by the Inspector of Police, ACB, City Range-I, Hyderabad for the offence under Section 13(1)(e) r/w 13(2) of Prevention of Corruption Act, 1988 (for short PC Act, 1988) on the allegation that the AO, who is working as Presiding Officer, Labour Court-I, Nampally, Hyderabad, has acquired assets worth Rs.1,96,44,000/- disproportionate to his known source of legal income.

3. The investigation is reported to be pending.

4. The AO was arrested on 17.03.2018 and his bail application in Crl.M.P.No.215/2018 was dismissed by the Principal Special Judge for SPE & ACB Cases-cum-IV Additional Chief Judge, City Civil Court, Hyderabad on 28.03.2018.

5. It is an economic offence. With man’s pursuit for materialistic pleasures increased, the economic offences started waxing. The height of the concern for the society in recent period unfortunately is that the law protectors, the guardians of public rights are being frequently involved