Authority: High Court for the State of Telangana, Hyderabad

Order Date: 10 July 2026

Case Overview

  • Parties: Petitioner/Accused No.1 Kicha Veerabhadra Rao (referred to as K.V. Rao) versus the State of Telangana, represented by Public Prosecutor P.S. Nagole.
  • Petition: Criminal Petition No.9842 of 2026 filed under Sections 480 & 483 of the Bharatiya Nagarik Suraksha Sanhita, 2023, seeking enlargement of bail.
  • Allegations: Accused alleged to have induced over 270 victims to invest more than Rs 30 crore in schemes operating under the names “Rao's Trading Group” and “VR Trading Services,” promising returns of 10%‑16% and offering commissions to agents.
  • Misappropriation Claims: After collecting deposits, the accused allegedly ceased payments from June‑July 2025, absconded, and misused funds for personal expenses such as vehicles, gold, valuable assets, family functions, and foreign education.
  • Complaint: De‑facto complainant lodged a police complaint on 10 March 2026 on behalf of the victims; police registered Crime No.155 of 2026 at Nagole Police Station, Malkajgiri Commissionerate.
  • Investigation Status: Petitioner has been in judicial custody since 1 April 2026 (over 90 days). Prosecution witnesses LWs 1‑35, including the investigating officer, have been examined. No charge sheet has been filed to date.
  • Counsel Submissions: Petitioner's counsel (Sri M. Prudhvi Raju) argued no misappropriation, partial repayment to victims, and that the remaining amount is invested in the scheme; also highlighted lack of charge sheet and completed investigation. Respondent's Additional Public Prosecutor (Sri D. Arun Kumar) opposed bail, emphasizing seriousness, large victim count, alleged misappropriation, and need for continued detention to trace proceeds.

Final Outcome

  • The Court, considering the prolonged custody, progress of investigation, and absence of a charge sheet, granted regular bail to the petitioner with the following conditions:

1. Execution of a personal bond of Rs 25,000 (Rupees Twenty‑Five Thousand only) with two sureties each providing a similar amount, satisfactory to the Additional District and Sessions Judge, Ranga Reddy District, L.B. Nagar.

2. Mandatory appearance before the concerned SHO between 09:00 a.m. and 05:00 p.m. every Wednesday for eight weeks or until the filing of the charge sheet, whichever occurs earlier, for investigation purposes.

3. Compliance with the conditions stipulated in Section 480(3) of the Bharatiya Nagarik Suraksha Sanhita.

  • The criminal petition is allowed, and any pending miscellaneous applications are ordered to stand closed.

Topics: Criminal Bail, Financial Fraud