JUDGMENT

G.Narendar, J. - Heard Sri.Aruna Shyam.M, learned counsel for the petitioner, Smt.K.P.Yashodha, learned High Court Government Pleader for respondent No.1 State and Sri.H.S.Vivekananda, learned counsel for respondent No.3 in W.P.No.2961/2019 and respondent No.2 in Crl.P.No.2822/2016.

2. The facts in brief are that one Smt.Vishalakshi Bhat, who is arrayed as accused No.1 in C.C.No.7358/2016 pending on the file of the I Additional Chief Metropolitan Magistrate, Bengaluru, was employed as the Branch Manger of HDFC Life Insurance, BTM Layout Branch, Bengaluru. That, between the years 2013 to 2015, the said accused is alleged to have induced several persons to invest in certain schemes allegedly launched and run by the HDFC Company. That one such Scheme was called 'Employee Benefit Scheme' and it is alleged that she represented to several people that if money is invested in her name with the Bank as per the Scheme, higher rates of interest will be paid by the Bank for deposits by the employees and stating so, she is said to have convinced numerous complainants to transfer money to her account or to hand-over money to her by promising them that she would invest it in the deposit s