Case brief
What is this about?
Common order allowing three Criminal Petitions (Nos. 5656, 5678 & 5680 of 2026) under Section 482 BNSS granting pre-arrest/anticipatory bail to GDCC Bank Gurazala officials Kasivarapu Punna Rao, Palchuri Hanumantha Rao and Shaik Khadar Babu (Accused Nos.2 to 4) in Crime No.63 of 2026, Gurazala Town Police Station, Palnadu District; offences under Sections 61(2), 318(4), 316(5) r/w 3(5) BNS; prosecution sanctioned by Collector and District Magistrate, Guntur (25.04.2026, Rc.No.1761/2024-C1) on complaint of Sub Divisional Co-operative Officer; allegations: cold storage keys not kept with Branch Manager, chili stock report defaults (3rd and 20th of each month), misuse of Pattadar Passbooks, twenty-five loans outside branch jurisdiction, loans disbursed without chili stock, failure to verify pledged stocks or invoke indemnity clauses, neglected recovery on borrower defaults, unacknowledged Supervisor’s report dated 10.01.2024; no entrustment/misappropriation alleged; no flight risk; conditions: Rs.25,000/- bond with two sureties each, weekly Saturday reporting to SHO (10 a.m.–5 p.m.) till charge sheet, no exit from Andhra Pradesh without SHO permission; Bench: Dr Justice Y. Lakshmana Rao; decided 17.07.2026.