Pvt. Ltd. The aforesaid company had submitted a tender for execution of a contract work with the Jalanidhi in Panmana Grama Panchayat, Chavara and the same was accepted by the Government of Kerala. As per the terms of the contract, the company deposited Rs.3 lakhs as security deposit in the Sub Treasury, Chavara. On successful completion of the work, the Director of Jalanidhi accorded sanction to the company to release the security deposit from the Sub Treasury, Chavara. The applicant was authorized by the company to withdraw the security deposit from the treasury for and on behalf of the company and as authorised, he withdrew the security deposit on 27.5.2013 and the same was deposited in the SBI, Kollam Branch on the same day. According to the learned Senior counsel, the cash which was collected from the treasury, was directly deposited in the SBI and the applicant has absolutely no knowledge as to how counterfeit currency happened to be inside the wad of notes. It is submitted that the crime was registered in the year 2013 and the applicant was questioned on numerous occasions. However, a new Investigating Officer, who has taken charge of the investigation, has issued a notice under Section 41 A of the Cr.P.C, in terms of the directions issued by this Court. According to the learned counsel, the applicant would be arrested and detained if he appears and prays that
