Kasturi Rakesh Kumar v. The State Of Telangana

THE HONOURABLE SMT. JUSTICE K. SUJANA CRIMINAL PETITION No.14643 of 2025 ORDER:

This Criminal Petition is filed before this Court for grant of bail to the Petitioner who is arrayed as accused No.3 in FIR No.200 of 2025 of Kodimial Police Station, Jagitial District, registered for the offences punishable under Section 318(4), 316(2) r/w 3(5) of the Bharatiya Nyaya Sanhita (for short 'BNS'), Section 5 of Telangana Protection of Depositors of Financial Establishments Act - 1999 and Sections 3 and 4 of Prize Chits and Money Circulation Scheme (Banning Act 1978).

2.

The brief facts of the case are that on 08.10.2025, the de facto complainant lodged a report with the police stating that accused Nos.1 to 3, including the petitioner herein, had induced the victims to invest in a chain marketing scheme. Believing the words of the accused, the victims invested their money but did not receive any returns and that the petitioner, along with accused No. 5, conducted meetings and persuaded the victims to invest the amount. Hence, he requested to take

necessary action. Basing on the said complaint, the police registered a case for the above said offences. 3.

Heard Sri G. Jyothi Kiran, learned counsel appearing on behalf of the petitioner as well as Sri Arun Kumar Doddla, learned Additional Public Prosecutor for respondent. 4.

Learned counsel for the petitioner submitted that the petitioner is innocent of the allegations and has been in judicial custody since 10.10.2025. In fact, the petitioner is a victim in this case, as he too invested money in the scheme and did not receive any returns. Therefore, he prayed the Court to grant regular bail to him by allowing this criminal petition.

5.

On the other hand, the learned Additional Public Prosecutor opposed the submissions made by the learned counsel for the petitioner, contending that the petitioner was instrumental in inducing the victims to invest money. Believing the words of the petitioner, the innocent victims invested in the chain scheme and lost their hard-earned money. Hence, the petitioner is not entitled to regular bail, and prayed the Court to dismiss the criminal petition.

6.

Considering the submissions made by both the learned counsel and upon perusal of the material available on record, it appears that the petitioner has been in judicial custody since 10.10.2025 and that the petitioner also invested money and did not receive any returns. In view of the facts and circumstances of the case, this Court finds it appropriate to grant bail to the petitioner/accused No.3, subject to the following conditions:

i.

The petitioner/accused No.3 shall execute a personal bond for a sum of Rs.25,000/- (Rupees Twenty Five Thousand only), with two sureties for a like sum each to the satisfaction of the learned II Additional Judicial Magistrate of First Class at Jagitial.

ii.

The petitioner/accused No.3 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/accused No.3 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: 18.11.2025 SS

THE HONOURABLE SMT JUSTICE K. SUJANA CRIMINAL PETITION No.14643 of 2025 Date: 18.11.2025 SS