2G accused have been booked under section 409 IPC.. For all those who wanna know what is 409, here is the section text
Section 409. Criminal breach of trust bypublic servant, or by banker, merchant or agent
Whoever, being in any manner entrusted with property, or with any dominion over property in his capacity of a public servant or in the way of his business as a banker, merchant, factor,broker, attorney or agent, commits breach of trust in respect of that property, shall be punished with 1 [imprisonment for life], or with imprisonment of either description for a term which may extend to ten years,and shall also be liable to fine.
CLASSIFICATION OF OFFENCE
Punishment—Imprisonment for life, orimprisonment for 10 years and fine—Cognizable—Non-bailable—Triable by Magistrate of the first class—Non-compoundable.