Mumbai, Apr 20 (PTI) A sessions court in Mumbai has refused pre-arrest bail to two persons – a former secretary and treasurer of a residential society in suburban Wadala – accused of misappropriation of funds and fraud, noting their custodial interrogation by police was required.
Additional Sessions Judge Y P Manathkar, in an order passed on April 17, said the allegations of misappropriation of funds and criminal breach of trust does not appear “vague or ambiguous”.
The court held that there was a need for interrogation of both the accused or else the police would be deprived of their important right of collection of evidence.
The police’s right to interrogate in the present case is more important that the right of the accused for pre-arrest bail, the court said while dismissing their applications.
A complaint was lodged in March this year by the owner of a flat in the housing society alleging that its former secretary Nikhil Toprani and ex-treasurer Vallabh Shah misappropriated society funds worth crores and committed fraud.
As per the FIR filed on the basis of the complaint, the duo allegedly prepared false bills and diverted society funds to the accounts of multiple individuals.
It was also alleged that a sum of Rs 17 lakh was transferred from the society funds to an educational institute in Gujarat.
The duo has been booked on charges of criminal breach of trust, cheating, forgery and falsification of accounts. PTI SP RSY
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