IN THE HIGH COURT OF JUDICATURE OF ANDHRA PRADESH : HYDERABAD THURSDAY, THE TWENTY NINTH (29TH) DAY OF OCTOBER, TWO THOUSAND AND TEN Present: HON’BLE SRI JUSTICE G.V.SEETHAPATHY Crl.P.No.10785 of 2010 Between: Somisetty Sreenivas … Petitioner/A.1 And: The State of A.P., rep. by the Public Prosecutor, High Court of A.P., Hyderabad & another … Respondents THE HON’BLE SRI JUSTICE G.V.SEETHAPATHY Crl.P.No.10785 of 2010 ORDER: This criminal petition is filed under section 482 Cr.P.C. seeking to quash the FIR in Cr.No.37 of 2010 of Central Crime Station, Hyderabad, against the petitioner-A.1. 2. Heard the learned counsel for the petitioner and the learned Additional Public Prosecutor for the first respondent-State. Perused the record. 3. FIR in Cr.No.37 of 2010 was registered on the basis of the complaint given by the 2nd respondent herein, wherein, it is alleged that in response to the advertisement issued by the company M/s Gain India, SSGA IN INDIA MARKETING P. LTD., of which, the petitioner-A.1 is the Chairman, the complainant and others invested huge amounts more than one Crore. The petitioner-A.1 and other accused closed the office and left to un- known place and thereby cheated the complainant and others, who invested their hard earned monies in the company and thus the accused made a wrongful gain by cheating the complainant and others. 4. Specific allegations pertaining to the offences under Sections 420 and 506 of IPC are made in the complaint against the petitioner and others. Having regard to the nature of the offences alleged and the gravity of the allegations, it is considered not a fit case to invoke the extraordinary discretionary power under Section 482 Cr.P.C. to quash the FIR and thwart further investigation into the matter. There are absolutely no sufficient grounds to quash the proceedings against the petitioner. 7. In the result, the criminal petition is dismissed. ___________________ G.V.SEETHAPATHY, J Date: 29.10.2010 bss