ORDER :

1. This is a petition under Section 482 of the Code of Criminal Procedure (Cr.P.C.) to quash the proceedings as well as the charges framed against the petitioner/A-5 in C.C. No. 14 of 2018, which is pending on the file of the Principal Sessions Judge (Special Court constituted under Section 43(1) of the Prevention of Money-Laundering Act), 2002, Chennai (in short “the Special Court”).

2. The necessary facts which are relevant to deal with this quash petition are as under:

2.1. The company named National Medicines Private Limited was sanctioned with cash credit facility of Rs. 6.25 crores. Out of the sanctioned amount, a pay order was issued for Rs. 4.25 crores to the Standard Chartered Bank, for the taking over of the existing liability of the above said company. The petitioner/A-5 was working as the Chief Manager during the relevant point of time at Union Bank of India and he was part of the team, which sanctioned and released the loan amount.

2.2. A written complaint was given by the Deputy General Manager of Union Bank of India alleging perpetration of criminal activities in the sanction and disbursement of credit facility to the above said company. Based on the same, an FIR