IN THE HIGH COURT OF JUDICATURE OF ANDHRA PRADESH AT HYDERABAD THURSDAY, THE TWENTY NINTH DAY OF SEPTEMBER, TWO THOUSAND AND ELEVEN PRESENT:: HON’BLE SRI JUSTICE G.V.SEETHAPATHY CRL.P.No.2538 OF 2009 Between:: Nagasaram Ramanjaneyulu …Petitioner A n d The State of A.P., Rep. by its Public Prosecutor, High Court of A.P., Hyderabad …Respondent HON’BLE SRI JUSTICE G.V.SEETHAPATHY CRL.P.No.2538 OF 2009 ORDER: This criminal petition is filed under Section 482 Cr.P.C for quashing further proceedings against the petitioner/A-3 in Cr.No.75 of 2008 of Dornala Police Station, Prakasam District. 2. None appears for the petitioner/A-3. Heard the learned Additional Public Prosecutor appearing for the respondent/State. Perused the record. 3. On a complaint given by the Project Director, ITDA, Srisailam, the above case was registered against the petitioner/A-3 and two others for the offences under Sections 406, 408, 409 and 420 IPC read with Section 34 IPC. Petitioner/A-3 was working as Manager of Andhra Bank, Y.Cherlopalli Branch. According to the prosecution, the Government sanctioned bridge loan to the Gram Ikya Sangams of Ayyannakunta, Chilakacherla and Korrapolu Chenchugudem of P.Dornala Mandal for construction of houses and each beneficiary of the Sangam was sanctioned loan of Rs.10,000/- under the Indira Awas Yogana Scheme and that as per the enquiry report submitted by the Executive Engineer, Tribal Welfare, Srisailam, a total amount of Rs.8.70 lakhs was sanctioned and that A-1 and A-2 are alleged to have obtained signatures of beneficiaries on blank transfer slips for transfer of amounts in favour of Gram Ikya Sangams into the account of A-2 and petitioner/A-3, who was the Manager of the Bank, colluded with A-1 and A-2 in withdrawal and misappropriation of the amount by A-1 and A-2. 4. Specific allegations have been made against the petitioner/A-3 to the effect that he facilitated the illegal transfer of the amount into the account of A-2 by colluding with them. 5. Learned Additional Public Prosecutor would submit that investigation is virtually completed and as many as 50 witnesses are examined so far. 6. In the circumstances, having regard to the gravity of the nature of the offences alleged and also the fact that investigation is almost completed, it is considered not a fit case to invoke the inherent powers of this Court under Section 482 Cr.P.C and quash further proceedings against the petitioner/A-3 in pursuance of the F.I.R in Cr.No.75 of 2008 at this stage. 5. In the result, the criminal petition is dismissed. __________________ G.V.SEETHAPATHY 29th September, 2011 Lrkm