M.M.PUNCHHI, J.

1. The appeal against acquittal has been placed before this Full Bench in the following circumstances :

Talwandi Sabo Co-operative Agricultural Service Society Limited. Talwandi Sabo, District Bhatinda, is a registered society under the provisions of the Punjab Co-operative Societies Act, 1961. There was an embezzlement to the tune of Rs. 1,22,116.50 as reported to the Assistant Co-operative Societies, by an Inquiry Officer appointed for the purpose. It was detected that the embezzlement had been committed by showing bogus loans to have been advanced to some members, showing securities to have been returned to members fictitiously and by recovery of loans from certain members without showing their entries in the account books of the society. Additional embezzlement had also been committed in relation to sale of sugar which had not been accounted for in the books etc. etc. The Assistant Registrar thus on 25-9-1970 sent a letter to the Superintendent of Police, Bhatinda, whereupon a case under S.408, Indian Penal Code, was registered and after investigation the two respondents Kesri Chand, the Secretary of the Society, and Surrinder Singh, the President thereo