FINAL ORDER

26.12.2025

These appeals have been preferred against the order passed in Original Complaint (OC) No. 158/2012, by the Ld. Adjudicating Authority (AA), whereby Provisional Attachment Order (“PAO”) No. 07/2012, was confirmed.

Facts in brief

2. The brief facts of the case are that based on a complaint received by them, the Lokayukta Police, Bangalore registered an FIR and an investigation was carried out. Based on the findings from the investigations conducted, the Karnataka Lokayukta Police filed a charge- sheet bearing No. 04/2011, dt. 07-07-2011 u/s 173 of the Cr. PC before the Court of the XXIII Additional City Civil & Sessions Judge & Special Judge for Lokayukta Cases, Bangalore.

3. A perusal of the Charge Sheet revealed that during November, 2004, Sh. Katta Subramanya Naidu, his son Sh. K.S. Jagadish @ Jagadish Naidu, and Sh. S.V. Srinivas hatched a criminal conspiracy and floated a company by name M/s ITASCA Software Development Pvt Ltd. with Sh. S.V Srinivas, as the Managing Director. Even though Sh. Katta Jagadish was not a Director of M/s ITASCA, he purchased two Demand Drafts, i.e., a DD bearing No. 333163 dt. 02/12/2006 from the Karnataka Bank Ltd., Indira Nagar Bra