K. NATARAJAN
Nagavalli – Appellant
Versus
State of Karnataka – Respondent
JUDGMENT
1. This petition is filed by the petitioners-accused Nos.1 and 2 under Section 439 of Cr.P.C. seeking anticipatory bail in Crime No.139/2022 registered by Kumaraswamy Layout Police Station, Bengaluru for the offences punishable under Sections 506, 504, 406, 420 read with Section 34 of IPC.
2. Heard the arguments of learned Senior Counsel for the petitioners and learned High Court Government Pleader for the respondent-State.
3. The case of the prosecution is that the complainant-Sampangi Ramaiah had filed a complaint to the Police on 24.04.2022, alleging that the petitioners are said to be running financial business in the name of Siri Vaibhava Souharda Pattina Sahakari Niyamitha (hereinafter referred to as 'Society') and the petitioners induced the complainant that they will pay 14% interest on the fixed deposit in their Society. Therefore, the complainant said to be invested crores of rupees in the said Society and in spite of maturing the FD, the petitioners-Society did not pay the amount invested by the complainant. The petitioners-Society said to have been collected and cheated more than Rs.5.00 crores and when the complainant approached the petitioners, the petitioners s
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.