Anticipatory bail in economic offences requires a careful analysis of the seriousness of allegations and potential risks to investigations, particularly when significant fraud is involved.

COMMON ORDER:

These Criminal Petitions are filed under Section 482 of the Bharatiya Nagarik Suraksha Sanhita, 2023 (for short, ‘ BNSS ’) by the petitioner seeking anticipatory bail in the event of his arrest.

1.1. The petitioner is accused No.5 in Crime Nos.10 and 12 of 2025, accused No.2 in Crime No.11 of 2025 and accused in Crime No.215 of 2025. The de facto complainants have filed various complaints with similar allegations against the petitioner and other accused before the Economic Offences Wing (EOW) Police Station, Cyberabad, and the said complaints were registered for the offences punishable under Sections 316 (2), 318(4) and 61(2) of the Bharatiya Nyaya Sanhita, 2023 (for short, ‘ BNS ’) and Section 5 of TELANGANA STATE PROTECTION OF DEPOSITORS OF FINANCIAL ESTABLISHMENTS ACT , 1999 (for short ‘TSPDFEA’). Hence, all four criminal petitions are heard together and the same are being disposed of by this common order.

2. For the facility of reference, the facts in Crl.P.No.6354 of 2025 is being referred to.

Brief facts of the case:

3. The case of prosecution in brief is that the de facto complainants have lodged a written complaint to the Deputy Commissioner of Police, Economic Offences Wing, Cyberabad, on 11.02.2025, stating that M/s Capital Protection Force Private Limited (Falcon) is engaged in Invoice discounting and functioning from 4th floor, Office No.405, HUDA Techo Enclave, High Tech City, Hyderabad, since 2015 onwards. Invoice Discounting is a financial service in which, company can raise funds by selling their invoices to third party financial institutions at a discount rate. The company offered the opportunity to deposit in Falcon under the pretext of providing funds for invoice discounting. The deposit was structured with the promise of returns basis on the invoices they discounted, with clear agreements that specified maturity dates for repayment, including interest.

3.1. It is further averred that there are different invoice plans such are 1) 45 days Invoice Plan with interest rate between 11%-12%, 2) 90 days Invoice Plan with interest rate between 16%-18% and 3) 180 days or more days Invoice Plan with interest rate between 20%- 21.95%. The company is having bank account No.111405002867 of ICICI Bank, Gachibowli Branch and Escrow Account No.777705844888 in the same bank. The depositors have to transfer their deposit amount to the said account through online. The deposit range is from Rs.25,000/- to Rs.5 Crores.

3.2. It is also stated that the de-facto complainant had deposited an amount of Rs.3.83 Crores by transferring from his account No.007101508028 of ICICI Bank. The other depositors namely 1) Vandana Soni has deposited an amount of Rs.2.36 Crs. by transferring from her account No.3111718567 Kokak Bank, 2) Silpa Pappagari has deposited Rs.64,25,000/-, by transferring from her account No.124710100007143 Union Bank, 3) Daina Nazerath has deposited Rs.1.27 Crores from her account No.346501500043 ICICI Bank, 4) Dr.Sarvana has deposited Rs.2.55 Crores in the name of his mother namely Rajamani Palanippan and transferred from his account No.50100639388449 HDFC, Kethakkam Branch, Chennai. Thus, the total deposit amount comes to Rs.9,38,25,000/-.

3.3. It is also averred that they have received monthly returns till 17.01.2025 and thereafter, no payment is rece