The Kerala High Court on Tuesday dismissed anticipatory bail petitions filed by seven accused in a case related to misappropriation of over Rs 7.5 crore from the Advocates Welfare Fund managed by the Kerala Bar Council.
When the petitions came up for hearing, Assistant Solicitor General S Manu submitted that the Central Bureau of Investigation (CBI) needed more time to collect the details of the fraud, as it was happening for the last 10 years. He also brought to the notice of the court various financial transactions through the accounts of the accused. Opposing the bail pleas, he said that if anticipatory bail is granted to the petitioners, it will hinder the investigation by the CBI.