:
The complainant has filed the present complaint
U/Sec.200 of Cr.P.C., alleging that the accused has
committed the offence punishable U/Sec.138 of Negotiable
Instruments Act (herein after referred as N.I.Act).
2. The case of the complainant in brief is as follows:-
The accused approached the complainant stating that, he
was the sole proprietor of Vedaas, an entity trading in
commodities such as Gold, Silver and Copper. As per the
accused’s promise of assured returns, the complainant wife
Mrs. Pushpa Sathyakumar, the complainant’s son Mr.
Shreyas S Kumar and the complainant entered into several
agreements between 2013 to 2014 by investing large amount
of Rs.41,50,000/- and also promised to return the same at
the end of 12 months. As per the agreement, the accused
delivered his promises till September 2014 and thereafter the
accused defaulted in payment towards the principal amounts
invested by the complainant and his family.
