Pramod Issac, who is accused No. 10 in Crime No. 28 of 2009 of CBCID, Thiruvananthapuram, who is also accused No. 5 in Crime No. 201 of 2008 and accused No. 4 in Crime No. 169 of 2008, seeks bail under Section 439 of the Code of Criminal Procedure. Accused No.1 in these cases in one Sabarinath, who is the Managing Director of the financial institutions, namely, “Nest Investment Solutions”, “INEST”, “Total 4 U” etc. It is alleged that the accused persons induced more than one thousand of depositors by fraudulent representations offering very high rate of interest and other monetary benefits, which prompted the depositors to deposit huge amounts of money in the aforesaid financial institutions. It is also alleged that after amassing wealth by misappropriating money of the depositors, the accused persons closed down the institutions and absconded. Several depositors approached the police. Initially, the case was registered at the Medical College Police Station in August, 2008. In view of the serious nature of the offence involving crores of rupees belonging to the general public, the case was transferred to the Crime Branch CID for investigation. It is stated that the Crime