THE HONOURABLE SRI JUSTICE RAJA ELANGO CRIMINAL PETITION No.12785 of 2011 ORDER: 1 Petitioners-Accused No.1 and 8 approached this Court with a prayer to quash the proceedings initiated against them in Cr.No.108 of 2011 on the file of Patamata P.S. Vijayawada. 2 Heard. 3 Offences alleged against the petitioner are punishable under Sections 420, 406, 468 and 120(B) read with Section 34 of IPC. The facts in brief are that the petitioners and other accused in the case have availed loan by pledging some gold bonds, which is against to the rules of the first respondent - Finance Company. Admittedly, the accused have paid an amount of Rs.58 lakhs and the remaining amount has to be paid by them and that there are also some civil suits filed against the petitioners. Since the material on record prima facie reveals allegations against the petitioners, this Court is not inclined to interfere with the trial. 4 Considering the submission of the learned counsel for the petitioners and also the facts and circumstances of the case, the police concerned are directed to complete the investigation into the said crime and file the final report either way, without arresting the petitioners. 5 With the above observation, the Criminal Petition is dismissed. 6 Miscellaneous petitions filed in this criminal petition, if any, shall stand closed. ____________________ RAJA ELANGO, J 12.12.2011 Kvsn