JUDGMENT

Lalitha Kanneganti, J. - The petitioner who is A-2 filed this petition seeking anticipatory bail in the event of his arrest in connection with Crime No.74 of 2020 on the file of Pedana Police Station, Krishna District, wherein he is alleged to have committed the offence punishable under Sections 403, 406, 409, 420, 465 r/w 34 IPC.

2. The Deputy General Manager of the Krishna District Cooperative Central Bank (for short "KDCC Bank") has given a complaint in Pedana Police Station on 10.03.2020 stating that 17 Secured Overdraft Loans were sanctioned at the Pedana Branch of KDCC Bank for a sum of Rs.4.25 crores. During the internal enquiry, it is found that this batch of 17 SOD loans sanctioned from February, 2016 to August, 2016 are full of irregularities from the beginning to the end. It is further stated in the complaint that prior to sanction of loan, the property offered as pledge has to be inspected personally and physically & verified by the AGM, who is designated as Nodal Officer to a few branches including Pedana Branch. Smt.P.Varalamma, AGM is the Nodal Officer having jurisdiction over this Pedana Branch and she did not carry out any inspection / verification in this