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Bail applications of Johri brothers rejected
Lucknow, Apr 23: Lucknow bench of the Allahabad High Court today rejected the bail application of Johri brothers, accused in the multi crore century consultant-city cooperative bank scam.
Lucknow, Apr 23: Lucknow bench of the Allahabad
High Court today rejected the bail application of Johri
brothers, accused in the multi crore century consultant-city
cooperative bank scam.
Passing the order on separate bail applications of the
accused- Arvind Mohan Johri and Anand Kishna Johri- Justice N
K Mehrotra also directed the trial court to expedite the trial
of the case, registered nearly three years ago, within six
months.
The court is not inclined to grant full term bail to the
accused at this stage when there is no offer to make payment
to thousands of investors whose money is in the hands of the
accused and who are in a position to make the payment by
disposing of their assets and by operating their bank
accounts, the judge observed in his order.
Earlier, the court had granted interim bail to the
accused with certain conditions to clear the payment of the
depositors in installments within a stipulated time frame which
the accused had failed to comply.
Bureau Report
Bureau Report