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