ORDER :

The Criminal Petition, under Section 482 of the Code of Criminal Procedure, 1973, has been filed to quash the proceedings in Crime No.169 of 2018 of Jami Police Station, Vizianagaram district.

2. Originally, a private complaint has been filed by 2nd respondent/defacto-complainant as against the petitioner herein/A1 and others for the offences punishable under Sections 120-B, 420 and 406 read with 34 IPC. The same was referred to the police under Section 156(3) Cr.P.C. Thereafter, the police registered a case in Crime No.169 of 2018 of Jami Police Station, Vizianagaram district.

3. Brief facts of the case are that 2nd respondent/de facto complainant was doing real estate business in the name and style “Swarna Properties, Bangalore” and in the course of business he got acquaintance with the petitioner/A1. The de facto complainant started real estate business for purchasing house sites for the employees of APCT Employees’ Co-operative House Building Society at Visakhapatnam. Unfortunately, due to insufficient funds of the said society, as they dropped from their house site project, the de facto complainant paid back the society amount, but he continued with the petitioner/A1 as h