The petitioners have filed this petition under Section 438 of Cr.P.C. seeking anticipatory bail in the event of their arrest in Crime No.455/2023 of Tumakuru Town Police Station registered for the offence punishable under Sections 406, 409, 420, 463, 465, 468 and 471 r/w. 34 of IPC and also under Section 66-D of the Information Technology Act , 2008.

2. The brief factual matrix leading to the case are that, the complainant was involved in a Central Government Project called as Jal Jeevan Mission and he was one of the successful bidders to take up the tender work with respect to Hassan Division. As a part of tender requirement, he was required to offer bank guarantee to the State Government in favour of M/s. RDW and SD, Hassan Division. The company by name M/s Zetwerk offered loan against the said bank guarantee issued through ICICI Bank. For offering Bank Guarantee, the complainant is said to have paid a sum of Rs.3.34 Crores to accused persons and the accused submitted and executed the security documents in favour of the ICICI Bank and on the basis of this bank guarantee, the amount was released in favour of M/s.Zetwerk. It is further alleged that, the petitioners/accused