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2. The case of the prosecution is that on 10.03.2025 at 2015 hours one Mr. Muvva Ramesh, proprietor of NSP International and Managing Director of Frumar Agri Foods Pvt Ltd and Tejas Food Industries LLP, the de facto complainant herein, stated that he have been in the business of manufacturing and exporting grocery products since 2010. They employed the petitioner herein in 2015 as a Junior Executive, who later became an Export Manager. Over time, he, in connivance with transport and freight forwarding companies, misappropriated company funds through fraudulent means, including: 1). Inflating transportation costs Falsely increasing the number of lorries required for shipments. 2). Falsifying ocean freight expenses Exaggerating costs and diverting excess funds to personal accounts. 3). 3). Colluding with transporters and shipping agents Receiving illegal kickbacks from service providers. 4). Hiding communications Excluding the company management from negotiations to conceal fraudulent transactions. Their internal audit found that 60-70 lakhs were transferred to his relatives accounts, and he used the misappropriated funds to purchase 20 acres of land and residential assets in Hyderabad and surrounding villages. Hence, the de facto complainant requested legal action against the petitioners and other accused.

5. Per contra, learned Senior Counsel appearing for respondent No.2 submitted that accused No.1 has involved in cheating and criminal breach of trust and transferred huge amount of more than Crore of respondent No.2's company amounts to the accounts of the petitioners herein and other accused, with an dishonest intention. He further submitted that respondent No.2 is a Proprietor of NSP International and Managing Director of Frumar Agri Goods Private Limited and Teja Food Industries LLP., wherein accused No.1 is working as Export Manager in connivance with transport and freight forwarding companies, misappropriated company funds through fraudulent means including inflating transportation costs, falsifying ocean freight expenses, exaggerating costs and diverting excess funds to personal accounts of relatives, colluding with transporters and shipping agents, receiving illegal kickback from service providers, hiding e-mail and other official communications, excluding the company management and export department from negotiations to conceal fraudulent transactions.

6. Learned Additional Public Prosecutor submitted that the petitioners and other accused have committed grave offence with the collusion of accused No.1 and they have misappropriated respondent No.2's company funds through fraudulent manner and the investigation is under progress. If the petitioners are granted anticipatory bail, they will influence the witnesses and interfere with the investigation and they are not entitled for grant of bail.

7. Having considered the rival submissions made by the learned counsel for the respective parties and after perusal of the material available on record, it reveals that respondent No.2, who is the Proprietor of NSP International and Managing Director of Frumar Agri Goods Private Limited and Teja Food Industries LLP., lodged a complaint on 10.03.2025, wherein he specifically stated that the above said company has been in the business of manufacturing and export grocery and processed food products since 2010. In the said company, accused No.1 was an employee from 2015 as a Junior Executive and later he became and Expert Manager. Accused No.1 in connivance with transport and freight forwarding companies, misappropriated company funds through fraudulent means including inflating transportation costs, falsifying ocean freight expenses, exaggerating costs and diverting excess funds to personal accounts of relatives, colluding with transporters and shipping agents, receiving illegal kickback from service providers, hiding e-mail and other official communications, excluding the company management and export department from negotiations to conceal fraudulent transactions, and he colluded with the petitioners and other accused with a criminal conspiracy and misappropriated huge amounts into the accounts of his relatives and who had purchased agricultural lands residential estates in Hyderabad and in surrounding areas even in Vissannapet Village of Andhra Pradesh. In the above said complaint, respondent No.2 stated that accused No.1 approximately Rs.60-70 lakhs were transferred into the accounts of the petitioners and other accused persons. According to the counter-affidavit filed by the Sub-Inspector of Police, Gachibowli Police Station, an amount of Rs.94.35 lakhs approximately transferred to the account of the petitioner/accused No.6 and an amount of Rs.5,38,471/- transferred to the accounts of the petitioners/accused Nos.5 and