HONOURABLE SRI JUSTICE RAJA ELANGO CRIMINAL PETITION No.7571 OF 2010 Dated : 13.08.2010 Between : B.Venkateswara Rao … Petitioner-A.6 A n d The State of A.P & another … Respondents HONOURABLE SRI JUSTICE RAJA ELANGO CRIMINAL PETITION No.7571 OF 2010 ORDER: This Criminal Petition under Section 482 Cr.P.C. is filed by the petitioner-A.6 seeking to quash the proceedings in Crime No.53 of 2010 of Suryaraopet Police Station, Vijayawada, for the offence punishable under Section 420 of Indian Penal Code. The allegations against the petitioner and other accused as per the complaint lodged by the Chief Manager, Vijaya Bank (Main Branch), Eluru Road, Vijayawada, are that all the accused induced the bank officials to sanction housing loan to the subject flat by suppressing the fact that the same was under mortgage by way of availing housing loan from LIC of India. Heard. Learned counsel for the petitioner submitted that no allegations are leveled against the petitioner except stating that the petitioner, being the builder, has also received money. On perusal of the complaint it is seen that the subject flat was sold to two persons by the builder, present petitioner, and LIC of India also sanctioned loan to another purchaser for purchasing the flat and on his failure to repay the loan, possession was also taken by LIC of India. According to the de facto complainant a sum of Rs.3 lakhs was paid to the builder-petitioner herein. In these circumstances, this Court is of the view it is a case where investigation has to be conducted by the respondent-Police and this Court is not inclined to interfere with the same. Therefore, the Criminal Petition is dismissed. ________________________ JUSTICE RAJA ELANGO Dated : 13.08.2010 sur