Could not load file or assembly 'file:///C:\Program Files (x86)\SAP BusinessObjects\Crystal Reports for .NET Framework 4.0\Common\SAP BusinessObjects Enterprise XI 4.0\win32_x86\dotnet1\crdb_adoplus.dll' or one of its dependencies. The system cannot find the file specified.

Could not load file or assembly 'file:///C:\Program Files (x86)\SAP BusinessObjects\Crystal Reports for .NET Framework 4.0\Common\SAP BusinessObjects Enterprise XI 4.0\win32_x86\dotnet1\crdb_adoplus.dll' or one of its dependencies. The system cannot find the file specified.

Replace you Element  in app.config file.

 <startup useLegacyV2RuntimeActivationPolicy="true">
  <supportedRuntime version="v4.0" sku=".NETFramework,Version=v4.0"/>
  </startup>