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A4 - Tr.R.Subramanian, Managing Director of A1 A5 - Tr.Ram Mohan, Chief Manager of A1 A6 - Tr.R.Narayanan, Director of A1 A7 - Tr.Rajarathinam, Director of A1 A8 - Tr.T.S.Ragavan, Director of A1

2. The gist of the complaint was that in a company originally known as Viswapriya Financial Services and Securities Limited, which later got its name changed as Viswapriya India Limited, the complainant and his family members invested a total amount of Rs.6,60,000/-, in a scheme known as "Prime Invest"; that they were issued with documents titled as "Secured Non Convertible Debentures" of multiple units, each valued at Rs.1,000/-; that on the maturity of those documents, the company directed the defacto complainant and his family members to surrender the documents; that when they did so, the company issued post dated cheques in the name of two other companies by name Akshaya Bhoomi Investments Private Limited and Quadrangle Trading Services Limited, as if the investment was diverted to those companies; that the cheques dishonoured when presented; and that all the three companies as well as the Officers of the companies had cheated the investors, committed a breach of trust and also committed an offence punishable under a special enactment.

4. In the meantime, the second and third accused namely Akshyaboomi Investment (P) Ltd., and M/s. Quadrangle Trading Services Ltd., filed a petition in Crl.O.P.No.12098 of 2014 for quashing the FIR in Crime No.5/2013. Initially, the petition was entertained and a stay granted during the vacation sitting of this Court in May 2014. Thereafter, the first and fourth accused namely Viswapriya (India) Limited and R.Subramanian filed a similar quash petition in Crl.O.P.No.27161 of 2014 and obtained a stay of all further proceedings. For some strange reasons, the quash petition filed by the first and fourth accused were withdrawn on 5.12.2014, after arguments were over. Nevertheless the stay granted in Crl.O.P.No.12098 of 2014 in favour of the second and third accused continued. But the quash petition was ultimately dismissed on 29.4.2015.

5. Thereafter, the first accused company namely Viswapriya (India) Limited, came up with a second innings and moved a writ petition in W.P.No.14229 of 2015, under Article 226 of the Constitution, praying for a declaration that the registration of the FIR in Crime No.5 of 2013 was without jurisdiction. Following the same pattern, as adopted by the second and third accused, this writ petition was also moved during the vacation court and an interim stay of further proceedings was obtained. However, this writ petition was also dismissed by a final order dated 6.8.2015.