O R D E R

The applicants are accused Nos. 3 and 4 in S.C.No.141 of

2025 pending on the files of the Additional District Court (Special Court for trial of Marad Cases), Kozhikode (for short, 'the trial court'). They have filed the above bail applications under Section

483 of the Bharatiya Nagarik Suraksha Sanhita, 2023 .

2. The offences alleged against the applicants are punishable under Section 3 r/w 4 of the Prevention of Money Laundering Act, 2002 (for short, 'the PMLA').

3. The prosecution case, in short, is as follows: - The accused were the promoters of a company by name, 'Kannur Urban Nidhi Limited' (KUNL), which is offering 12 to 12.5% interest on fixed deposits. The company had accepted fixed deposits from several investors. According to the prosecution, the accused diverted those funds for the establishment and running of another company by name, 'Anytime Money Pvt. Ltd.' (ATM) and to the personal accounts of the petitioners and other accused. According to the prosecution, the accused embezzled around Rs.40 Crores by cheating the investors. So many cases are registered against the accused by the Crime Branch of Kannur and Kasaragod units. Hence, it is alleged that the accu