ORDER

K. C. Bhanu, J. - This Criminal Petition is filed by the petitioner accused under Section 482 CrPC, to quash the proceedings in CC No. 322 of 2004 on the file of the XII Additional Chief Metropolitan Magistrate Hyderabad, which was registered under Sections 420, 406 and 468, Indian Penal Code.

2. The allegations in the complaint are that on 5.1.2004. LW1 lodged a complaint alleging that the accused approached L Ws. 1 and 2 during October, 2003 in Hyderabad and dishonestly induced them to pay an amount of Rs. 47,00,000 by misrepresenting himself as he had good contacts and influence in India and abroad and by promising that he provide LW1 job work worth Rs. 90 crores, that his firm M/s. Ameya Systems entered a Memorandum of understanding with Satyam Computer Services Ltd. and LIC of India to execute data conversion project. etc. in joint with M/s. Satyam Computer Services Ltd., a project worth Rs. 90 crores, that L W1 remitted Rs. 47,00,000 into the Bank account of the accused, that the accused gave a cheque for Rs. 5 crores bearing No. 612926, dated 29.12.2003 drawn in favour of LW1 to keep LW 1 in good faith and belief, that later the accused failed to provide the said proje