M.S.RAMESH
Rakesh P. Sheth – Appellant
Versus
State rep. by the Inspector of Police, Chennai – Respondent
1. These petitions have been filed by the petitioners challenging the FIR registered in Cr.No.180 of 2016 dated 13.07.2016 on the file of the first respondent police (in both the petitions) and to quash the same.
2. The case of the prosecution is as follows:
The second respondent herein, got acquainted with the petitioners 1 & 2 herein when they were earlier engaged for an interior design work of her apartment. When she intended to purchase a property for investment purpose, she had approached the petitioners 1 & 2 herein, along with one Mr. Premsai Chundur/third petitioner herein, who was the director of M/s.Karismaa Foundations Private Limited, in which the petitioners 1 & 2 are also the directors. On the suggestion of the petitioners 1 & 2 and Mr. Premsai Chundur, the second respondent had entered into a construction agreement on 10.11.2014 for constructing a residential house at the rate of Rs.4 Crores and accordingly, transferred a sum of Rs.1.50 Crores from her savings bank account to the account of the first petitioner herein. Since the first petitioner had advised her that the proposed property to be purchased was not worth the money and that the market conditions were
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