report; silk finished goods stock verification statement as on 31.03.2011 of Kancheepuram Thiruvalluvar Silk Handloom Weavers Cooperative Production and Sale Society Ltd No.G.2054, Kacheepuram, prepared and signed by Stockiest/Salesman, Accountant, Special Officer and Stock Verification Officer saying that there is neither excess nor deficit sale as on 31.03.2011 in Kancheepuram Thiruvalluvar Silk Handloom Weavers Cooperative Production and Sale Society Ltd; and one another silk finished goods stock verification statement of the Kancheepuram Thiruvalluvar Silk Handloom Weavers Cooperative Production and Sale Society Ltd No.G.2054, Kacheepuram, prepared and signed by Stockiest/Salesman, Accountant, Special Officer and Stock Verification Officer saying that there is neither excess goods nor deficit sale as on 31.03.2012. In addition thereto, a detailed enquiry was conducted under Section 81 of the Act, by appointing Mr.Velayutham, Handloom Officer, Cuddalore, as enquiry officer, who in turn, upon perusing oral and documentary evidence, submitted his report on 16.09.2015 holding that Mr.R.Ponnuswamy, Head salesman and Mr.R.Arumugham, Accountant are jointly responsible for misappropriation to the tune of Rs.4,91,92,285.12, however, the enquiry report didn't discuss about the involvement of the petitioner. While that be the case, he pleaded, the 2nd respondent ought not to have issued the impugned proceedings, directing the officer concerned to initiate criminal proceedings against the petitioner for having caused loss to the society.
