The Supreme Court quashed criminal proceedings in a Chennai cheating case, holding that the allegations disclosed a purely civil dispute. It said continuing the prosecution would amount to abuse of the legal process and set aside the Madras High Court's order
The suspect, Vijji Jagadeesh Chandra Prasad from Kakinada, AP, along with Deepankar Barman, devised a scheme promising high returns, including 120% annual profit on investments.
The suspect, Vijji Jagadeesh Chandra Prasad from Kakinada, AP, along with accomplice Deepankar Barman, devised a plan to lure investors with schemes promising high returns. Their offers included annual profits of up to 120% on the invested amount.
