ORDER

The present criminal petition is filed under Section 482 CrPC seeking to quash the criminal proceedings in C.C. No. 14/2012 pending on the file of Court of Principal Special Judge for CBI cases at Red Hills, Nampally Hyderabad (hereinafter called as ‘Trial Court’).

2. Heard Mr. T. Niranajan Reddy, learned senior counsel representing Mr. T. Nagarjuna Reddy, learned counsel for the petitioner and Mr. Srinivas Kapatia, learned Special Public Prosecutor for the Central Bureau of Investigation (hereinafter called as ‘CBI’).

Factual Background

3. The present case has a chequered history and has its roots in the politics of the erstwhile united Andhra Pradesh. The case was registered based on the order dated 10.08.2011 passed by the erstwhile High Court of Andhra Pradesh in W.P. Nos. 794/2011 and 6604/2011.

4. The said order was passed in public interest litigations wherein CBI inquiry was directed. It was alleged that the petitioner herein along with many other businessmen and industrialists invested in the companies of Mr. Y.S. Jagan Mohan Reddy (son of the then Chief Minister - Y.S. Rajashekhar Reddy), who later became the Chief Minister of the newly formed Andhra Pradesh. As quid pr