Balineni Chennakeshava Naidu v. The State Of Telangana Through Cid,

IN THE HIGH COURT FOR THE STATE OF TELANGANA

AT HYDERABAD THE HONOURABLE SMT. JUSTICE K. SUJANA CRIMINAL PETITION No.7097 of 2026 DATE: 06.05.2026 BETWEEN:

Balineni Chennakeshava Naidu .....petitioner/accused No.5 And The State of Telangana, Rep. by Public Prosecutor, High Court for the State of Telangana, at Hyderabad.

.....Respondent/complainant

ORDER

This Criminal Petition is filed praying this Court to enlarge the petitioner on bail who is arrayed as accused No.5 in Crime No.29 of 2020 before the Nallakunta Police Station,

Hyderabad, registered for the offence punishable under Sections 406, 420 and 506 of IPC.

2.

The brief facts of the case are that the de facto complainant joined a cooperative society after depositing money and handing over original certificates on the promise of employment and salary. It is alleged that the Chairman and others induced several persons to deposit money under the guise of job opportunities and schemes, collected funds from the public, and later failed to return the deposits while issuing threats. Accordingly, a case in Crime No.29 of 2020 was registered under Sections 406, 420 and 506 IPC, and multiple similar cases were transferred to CID for investigation, wherein the petitioner is arrayed as Accused No.5. 3.

Heard Sri G. Eswariah, learned counsel appearing on behalf of the petitioner as well as Sri M. Ramachander Reddy, learned Additional Public Prosecutor appearing on behalf of the respondent - State.

4.

Learned counsel for the petitioner submitted that the petitioner is innocent and has been falsely implicated without any specific allegations or material against him and that the

petitioner merely transferred some amounts and has no role in the alleged cheating or collection of deposits, and that the main accused are accused Nos.1 to 4. He further submitted that the investigation is almost complete, other accused have been granted bail, and the petitioner has been in judicial custody for a considerable period. Therefore, he prayed the Court to grant bail to the petitioner by allowing this Criminal Petition.

5.

Learned Additional Public Prosecutor opposes the bail application, contending that the petitioner is part of the conspiracy and assisted the main accused in facilitating financial transactions connected with the offence and that the case involves cheating of multiple victims across the State and forms part of a larger organized fraud. At this stage, granting of bail to the petitioner does not arise. Therefore, he prayed the Court to dismiss the criminal petition.

6.

In the light of the submissions made by both the learned counsel and a perusal of the material available on record, it appears that the petitioner is in jail since 24.03.2026. As seen from the record, the material part of the investigation has been completed and all the witnesses have

been examined. Considering the facts and circumstances of the case and the incarceration period of the petitioner, this Court deems it fit to grant bail to the petitioner, subject to the following conditions:

i.

The petitioner shall execute a personal bond for a sum of Rs.25,000/- (Rupees Twenty Five Thousand only) each, with two sureties for a like sum each to the satisfaction of the Metropolitan Sessions Judge, Hyderabad.

ii.

The petitioner shall appear before the concerned SHO at 11:00 a.m., on every Monday for a period of eight (8) week or till filing of charge sheet whichever is earlier, for the purpose of investigation, and thereafter, as and when required.

iii.

The petitioner shall abide by the conditions stipulated in Section 437(3)

of Cr.P.C.(presently, Section 480(3) of the BNSS).

7.

Accordingly, the Criminal petition is allowed. Miscellaneous applications, if any pending, shall stand closed.

_______________ K. SUJANA, J Date: 06.05.2026 SAI

THE HONOURABLE SMT JUSTICE K. SUJANA CRIMINAL PETITION No.7097 of 2026 Date: 06.05.2026 SAI