THE HON’BLE SRI JUSTICE L.NARASIMHA REDDY WRIT PETITION No.12644 of 2006 ORDER: W.P.No.182 of 1996 was filed before this Court by one Mr.J.Murali alleging that the 7th respondent herein is running an unauthorized stock exchange at Visakhapatnam and is accumulating wealth from the innocent investors. It is also complained that no action has been taken by the authorities of the Police Department, Stock Exchange etc., though complaints were made. An interim order was passed in W.P.M.P.No.206 of 1996 on 08.02.1996 directing the Government of A.P. and the Commissioner of Police, Visakhapatnam to take necessary steps on the basis of the letter dated 06.02.1996 issued by the Securities Exchange Board of India. The grievance of the petitioner is that though Crime No.58 of 10996 was registered on the file of the IV Town Police Station, Visakhapatnam, no action has been taken, much less any investigation was undertaken. The writ petition has undergone several stages, ever since it was taken on file, and several orders were passed. Respondents 5 to 7 were added as parties and many of them have filed counter affidavits also. Heard the learned counsel for the petitioner, Special Government Pleader for C.B.I and learned counsel for the 7th respondent. It is rather unfortunate that the registration of an F.I.R. into a matter of such magnitude needed intervention of this Court. A further unfortunate aspect of the matter is that for full ten years, after registration of the case, no progress worth its name has taken place. In his counter affidavit, the Commissioner of Police, Visakhapatnam stated that he called for the file after receiving the representation of the petitioner and found that no progress worth its name has taken place for a decade. It is also indicated that efforts were made to fix the liability on the concerned. Be that as it may, the prosecution has since filed a charge sheet on 04.05.2007. Now the matter is in the sesin of the concerned court, the grievance of the petitioner virtually stands redressed with the filing of the charge sheet. Though the 7th respondent made an effort to convince this Court to quash the charge sheet, hardly there exits any ground to accede to his request. At any rate, he cannot seek such a relief in a writ petition filed for speedy investigation and trial of the matter. Since the grievance of the petitioner is redressed to a substantial extent, no further orders are necessary in this writ petition. The writ petition is accordingly closed. There shall be no order as to costs. _________ 04.03.2010 JSU THE HON’BLE SRI JUSTICE L.NARASIMHA REDDY WRIT PETITION No.12644 of 2006 Date: 04.03.2010 JSU