Hi
In general High Courts will quash the case u/s 482 of Cr.P.C only if all of the following questions are answered
1) whether the material relied upon by the accused is sound, reasonable, and indubitable i.e. the material is of sterling and impeccable quality?
2) whether the material relied upon by the accused would rule out the assertions contained in the charges levelled against the accused i.e. the material is sufficient to reject and overrule the factual assertions contained in the complaint i.e. the material is such as would persuade a reasonable person to dismiss and condemn the factual basis of the accusations as false?
3) whether the material relied upon by the accused has not been refuted by the prosecution/complainant; and/or the material is such that it cannot be justifiably refuted by the prosecution/complainant?
4) whether proceeding with the trial would result in an abuse of process of the court, and would not serve the ends of justice?
If the answer to all the steps is in the affirmative, the judicial conscience of the High Court should persuade it to quash such criminal proceedings in exercise of power vested in it under Section 482 CrPC
With reference to your particular case and above stated points, the things that stand to your advantage/ in your favour are
a) 37 years of service
b) Income of 2 major sons with independent sources of income and
c) Current market value of property in the name of your wife.
So in my view, you have a fair chance to get the case quashed at High court, subject to you demonstrating that the allegation is vexatious, and frivolous cast upon you to deny you your peaceful retirement, benefits thereof. .
Technically charge sheet filed after government employment is valid (Buddi Chandramohan vs state of andhra pradesh) and that Sanction u/s19 of PCA is also not mandatory for a retired government servant.
Hope this information is useful.