APHC010375632025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI I THURSDAY, THE TWENTY FIRST DAY OF AUGUST TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE DR JUSTICE Y. LAKSHMANA RAO CRIMINAL PETITION NO: 7733 OF 2025 Between: 1. Veeranki Sriramulu, S/o Durga Rao, Aged about 40 years,Director of IFL Green Producer Company Ltd And M.D of Inakula Farmers Life Produces Co Ltd. D. No. 2-66, Gowda Colony, Tirugudumetta Village Tallapudi Mandal East Godavari District ...Petitioner AND 1. The State of Andhra Pradesh, Through the Station House Officer, Jangareddygudem P.S. Eluru District Rep by the Public Prosecutor, High Court of Andhra Pradesh, Amravati ...Respondent Petition under Section 437/438/439/482 of Cr.P.C and 528 of BNSS praying that in the circumstances stated in the Memorandum of Grounds of Criminal Petition, the High Courtpleased to grant anticipatory bail to release the petitioner/Accused No.1 on bail in the event of his Arrest in Crime No.212of 2025 Jangareddygudem Police Station, Eluru District, and to Counsel for the Petitioner: K.V.S.S.PRABHAKARA RAO Counsel for the Respondent PUBLIC PROSECUTOR pass The Court made the following order: ■# APHC010375632025 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI (Special Original Jurisdiction) [3521] a* THURSDAY, THE FOURTEENTH DAY OF AUGUST TWO THOUSAND AND TWENTY FIVE PRESENT THE HONOURABLE DR JUSTICE Y. LAKSHMANA RAO CRIMINAL PETITION NO: 7733/2025 Between: 1.VEERANKI SRIRAMULU, S/0 DURGA RAO, AGED ABOUT 40 YEARS,DIRECTOR OF IFL GREEN PRODUCER COMPANY LTD AND M.D OF INAKULA FARMERS LIFE PRODUCES CO LTD. D. NO. 2-66, GOWDA COLONY, TIRUGUDUMETTA VILLAGE TALLAPUDI MANDAL EAST GODAVARI DISTRICT ...PETITIONER/ACCUSED AND 1.THE STATE OF ANDHRA PRADESH, Through the Station House Officer, Jangareddygudem P.S. Eluru District Rep by the Public Prosecutor, High Court of Andhra Pradesh, Amravati ...RESPONDENT/COMPLAINANT Counsel for the Petitioner/accused: 1. K.V.S.S.PRABHAKARA RAO Counsel for the Respondent/complainant: 1. PUBLIC PROSECUTOR M The Court made the following ORDER: The Criminal Petition has been filed under Section 482 of the BharatiyaNagarik Suraksha Sanhita, 2023 (for brevity ‘the BNSS’) by the petitioner/Accused No.1 for granting of pre-arrest bail in connection with Crime No.212 of 2025 of Jangareddygudem Police Station, Eluru District, registered for the alleged offences punishable under Sections 318(4), 316(4) 336(3), 340(2), 351(2) read with 3(5) of the Bharatiya Nyaya Sanhita, 2023 (for brevity ‘the BNS’). 338 2. The case of the prosecution is that in between 01.05.2024 and 24.06.2025, at Jangareddygudem, the complainant, Bommagani Bala Krishna, founder of IFL Green Producer Company Limited registered 15.06.2021, alleged that accused Veeranki Sriramulu. Vankayala Satheesh Mandapaka Vinod Kumar misused their positions to damage the Initially, only Bala Krishna and Arepalli Naresh had cheque authority, but in May 2024, Sriramulu was granted HDFC Bank cheque powers. In November 2024, he received Rs.27 Lakhs for paddy procurement and company. returned only Rs.13.11 Lakhs, and kept Rs. 13.89 Lakhs. The accused later formed a rival entity, Inakula Farmers Life (IFL) Producer Company Limited, without resigning from the original company, and misled members issuing receipts and certificates under the new name, enrolling fake or illiterate members, collecting deposits, issuing forged participation certificates, and diverting funds. Complaints revealed deliberate misuse of the original company’s name, reputation, and membership base. On 07.02.2025, they also threatened the 3 complainant when confronted. The complainant seeks legal action for fraud, cheating, criminal breach of trust, and damage to the company’s reputation. The complainant suspects that this person may have taken him away. Hence, a case was registered. 3. Sri K.V.S.S.Prabhakara Rao, learned counsel for the petitioner, submits , that the petitioner has not committed any offence; he was falsely implicated this case; he is the sole breadwinner of their family; he is ready to abide any conditions to be imposed by this Court; and urged to grant pre-arrest bail to the petitioner/Accused No.1. in Per contra, Ms. P.Akila Naidu, the learned Assistant Public Prosecutor, opposed in granting of bail stating that investigation is not yet completed; if the petitioner is granted pre-arrest bail, he will repeat the same offence, and it is urged to dismiss the bail petition. Perused the record. 4. 5. 6. As seen from the remand report, it is alleged that the petitioner earlier being one of the Directors of IFL Green Producer Company Limited, later came out from the company and continued his business v/ith the name of the same company and collected amounts from the farmers. 7. As seen from the averments of the FIR, there is an amount of Rs.27 Lakhs petitioner has allegedly taken away from the farmers. Whereas the learned Assistant Public Prosecutor submits that investigation is in progress. 4 IT and so far, Rs.7 Crores have been taken away by the petitioner from the farmers and urged to dismiss the same. Considering, the nature and gravity of allegation levelled against the 8. petitioner, this Court does not deem it fit to grant pre-arrest bail to the petitioner. However, the learned counsel for the petitioner requests this Court to grant liberty to the petitioner to surrender before the learned jurisdictional Magistrate concerned and move an appropriate application for his release before the learned Jurisdictional Court concerned. In the result, the Criminal Petition is dismissed granting liberty to the 9. petitioner/Accused No.1 to surrender before the learned jurisdictional Magistrate concerned and move an appropriate application before the learned Jurisdictional Court for enlarging him on bail. The learned Juris^tional Court shall endeavor to dispose of the application on its own merits in accordance with law by giving due and sufficient opportunity of hearing to the learned Public Prosecutor before the learned Magistrate and pass appropriate orders within a reasonable time, preferably in two (02) weeks. SD/- SHAIK MOHD. RAFI ASSISTANT REGISTRAR //TRUE COPY// SECTION OFFICER To, 1. One CC to SRI. K.V.S.S.PRABHAKARA RAO Advocate [OPUC] 2. One CC to SRI. PUBLIC PROSECUTOR Advocate [OPUC] 3. Two CD Copies MBT HIGH COURT DATED;21/08/2025 g 21 AUG 2025 ° Current Section ORDER CRLP NO. 7733 OF 2025 m DISMISSING THE CRIMINAL PETITION