THE HON’BLE SRI JUSTICE G.BHAVANI PRASAD CRIMINAL PETITION No.7076 of 2009 DATED:10.09.2009 Between: K.Saidaiah Naidu .. Petitioner And The State of Andhra Pradesh, rep., by its Public Prosecutor, High Court of Andhra Pradesh, Hyderabad and another .. Respondents THE HON’BLE SRI JUSTICE G.BHAVANI PRASAD CRIMINAL PETITION No.7076 of 2009 ORDER: Heard Sri M.Achutha Reddy, learned counsel for the petitioner, and Sri A.Ramesh, learned counsel representing the learned Public Prosecutor for the first respondent. No notice is being ordered to the second respondent, as the matter is being disposed of, at the stage of admission. The F.I.R. in Cr.No.181 of 2009 on the file of the Central Crime Station, Hyderabad was registered, on the report of the Assistant General Manager of Andhra Bank in respect of a fraud played on the bank to withdraw an amount of Rs.5.90 crores from the account of the Andhra Pradesh Gas Corporation Limited by forging the instrument. The crime is under investigation and the statutory investigating agency is procuring the persons involved, as seen from the remand case diaries enclosed to the Criminal Petition. The confessional panchanamas of accused Nos.1, 2 and 5 refer to the involvement of the petitioner also in the episode and the question whether the material collected so far by the investigating agency is sufficient to implicate the petitioner in the crime cannot be conclusive of his involvement or not, as the investigation is still in progress. Interference with the statutory investigating process into such a serious crime involving a huge quantum of public funds through summary proceedings under Section 482 of the Code of Criminal Procedure, is not called for and the continuance of the investigation cannot be considered to be an abuse of process of law, when there are some indications from the material on record that there is a possibility of unearthing the complicity of the petitioner in the alleged criminal activities after thorough investigation. Nipping the investigation in the bud, in such cases, is neither in public interest nor in the interests of justice, and hence, the Criminal Petition cannot sustain itself. Accordingly, the Criminal Petition is dismissed. ___________________ G. BHAVANI PRASAD, J 10th September 2009 KH