ORDER :

The application is filed under Section 482 of the Bharatiya Nagarik Suraksha Sanhita, 2023, (in short, ‘BNSS’), for an order of pre-arrest bail.

2. The applicants are the accused Nos.1 & 2 in Crime No.493/2024 of the Kannur Town Police Station, which is registered against four accused persons for allegedly committing the offence under Section 420 of the Indian Penal Code, 1860.

3. The crux of the prosecution case, is that on 26.06.2021, the first accused had published an advertisement in the social media, offering high profit on investments if made in the company owned by the accused Nos.3 & 4. Accordingly, the first accused got acquainted with the de-facto complainant, and he invested Rs.43,59,950/- during the period from 04.06.2022 to 03.10.2022 in the bank accounts of the accused. However, the accused failed to pay any profit and refused to return the capital. Thus, the accused have committed the above offences.

4. Heard; Smt.Mumthas Kakkat Valappil, the learned counsel appearing for the applicant; Smt. Seetha S., the learned Senior Public Prosecutor and Sri. P.T. Abhilash the learned counsel appearing for the de-facto complainant/intervenor.

5. The learned Public Prosecutor