( 1 ) BINOY Jacob, the petitioner, who seeks anorder from this Court for being released on bail is one of the accused in Firstinformation Report bearing No. RCA (A) 92-ACU VI dated 28/11/1992. The other named accused in the F. I. R. are V. Krishnamurthy and histwo sons K. Chandra Sandy and K. Jayakar. The case of the prosecution inbrief, is as under :

( 2 ) IN the year 1982 V. Krishnamurthy while functioning as Vice-Chairman and Managing Director for Maruti Udyog Limited (MUL) joinedhands with Binoy Jacob, Director of M/s. Apten Marketing and Managementservices (P) Ltd. and K. Jayakar in order to earn ill-gotten money in theform of commission from various multi-nationals in connection with the transactions held by these multi-nationals with the companies under the control and influence of V. Krishnamurthy in his capacity as a public servant. Inpursuance of the said object Binoy Jacob and K. Jayakar alongwith Premkumar set up a company on 6/07/1982 with the following shares :

( 3 ) V. Krishnamurthy while functioning as public servant participatedin the management of M/s. Apten Marketing and Management Service (P)Ltd. through his son Jayakar. V. Krishnamurthy became