Pre-arrest bail is denied due to serious allegations of fraud and an ongoing investigation, emphasizing the need to assess the nature of charges effectively.

APHC010375632025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI I THURSDAY, THE TWENTY FIRST DAY OF AUGUST TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE DR JUSTICE Y. LAKSHMANA RAO CRIMINAL PETITION NO: 7733 OF 2025 Between:

1. Veeranki Sriramulu, S/o Durga Rao, Aged about 40 years,Director of IFL Green Producer Company Ltd And M.D of Inakula Farmers Life Produces Co Ltd. D. No. 2-66, Gowda Colony, Tirugudumetta Village Tallapudi Mandal East Godavari District ...Petitioner AND

1. The State of Andhra Pradesh, Through the Station House Officer, Jangareddygudem P.S. Eluru District Rep by the Public Prosecutor, High Court of Andhra Pradesh, Amravati ...Respondent Petition under Section 437 /438/439/482 of Cr.P.C and

528 of BNSS praying that in the circumstances stated in the Memorandum of Grounds of Criminal Petition, the High Courtpleased to grant anticipatory bail to release the petitioner/Accused No.1 on bail in the event of his Arrest in Crime No.212of 2025 Jangareddygudem Police Station, Eluru District, and to pass Counsel for the Petitioner: K.V.S.S.PRABHAKARA RAO Counsel for the Respondent PUBLIC PROSECUTOR The Court made the following order:

■#

APHC010375632025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI [3521]

a*

(Special Original Jurisdiction)

THURSDAY, THE FOURTEENTH DAY OF AUGUST TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE DR JUSTICE Y. LAKSHMANA RAO CRIMINAL PETITION NO: 7733/2025 Between:

1.VEERANKI SRIRAMULU, S/0 DURGA RAO, AGED ABOUT 40 YEARS,DIRECTOR OF IFL GREEN PRODUCER COMPANY LTD AND M.D OF INAKULA FARMERS LIFE PRODUCES CO LTD. D. NO. 2-66, GOWDA COLONY, TIRUGUDUMETTA VILLAGE TALLAPUDI MANDAL EAST GODAVARI DISTRICT ...PETITIONER/ACCUSED AND

1.THE STATE OF ANDHRA PRADESH, Through the Station House Officer, Jangareddygudem P.S. Eluru District Rep by the Public Prosecutor, High Court of Andhra Pradesh, Amravati ...RESPONDENT/COMPLAINANT Counsel for the Petitioner/accused:

1. K.V.S.S.PRABHAKARA RAO Counsel for the Respondent/complainant:

1. PUBLIC PROSECUTOR M The Court made the following ORDER:

The Criminal Petition has been filed under Section

482 of the BharatiyaNagarik Suraksha Sanhita, 2023 (for brevity ‘the BNSS ’) by the petitioner/Accused No.1 for granting of pre-arrest bail in connection with Crime No.212 of 2025 of Jangareddygudem Police Station, Eluru District, registered for the alleged offences punishable under Sections

318(4), 316(4) 338

336(3), 340(2), 351(2) read with 3(5) of the Bharatiya Nyaya Sanhita, 2023 (for brevity ‘the BNS’).

2. The case of the prosecution is that in between 01.05.2024 and

24.06.2025, at Jangareddygudem, the complainant, Bommagani Bala Krishna, founder of IFL Green Producer Company Limited registered

15.06.2021, alleged that accused Veeranki Sriramulu. Vankayala Satheesh and Mandapaka Vinod Kumar misused their positions to damage the company.

Initially, only Bala Krishna and Arepalli Naresh had cheque authority, but in May 2024, Sriramulu was granted HDFC Bank cheque powers.

In November

2024, he received Rs.27 Lakhs for paddy procurement returned only Rs.13.11 Lakhs, and kept Rs. 13.89 Lakhs. The accused later formed a rival entity, Inakula Farmers Life (IFL) Producer Company Limited, without resigning from the original company, and misled members issuing receipts and certificates under the new name, enrolling fake or illiterate members, collecting deposits, issuing forged participation certificates, and diverting funds. Complaints revealed deliberate misuse of the original company’s name, reputation, and membership base. On 07.02.2025, they also threatened the complainant when confronted. The complainant seeks legal action for fraud, cheating, criminal breach of trust, and damage to the company’s reputation.

The complainant suspects that thi