4. A perusal of the material on record will indicate that respondent No.2 filed the instant complaint against the petitioner, accused No.19 and 23 other accused persons i.e., accused Nos.1 to 18 and 20 to 24 for the alleged offences punishable under Sections 120B, 406, 420 r/w. 149 of IPC, Section 9 of the Karnataka Protection of Interest of Depositors in Financial Establishment Act, 2004 and Sections 21 and 22 of Banning of Unregulated Deposit Scheme Act, 2019, which culminated in a charge sheet, which is currently pending in Spl.C.No.42/2022 before the Sessions Court. In this context, it is relevant to state that it is a specific contention of respondent No.2complainant invested in a jewelry shop by name “Gold Jewellery” located in Nandikeshwara Complex, Kundapura, in as much as, he has invested 31 grams of gold and cash in a sum of Rs.6 Lakhs on 01.10.2018, which was owned by accused Nos.1 to 6, who promised monthly returns made in gold or cash. It is alleged that based on the assurance made by accused Nos.1 to 6, the complainant invested cash and gold and since the said shop was closed in January,2021, the complainant arraigned the petitioner along with owners of the shop as accused.
