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IN THE HIGH COURT OF KERALA AT ERNAKULAM
DR. KAUSER EDAPPAGATH, J
PAULSON@ PAULSON OLATTUPURAM – Appellant
Versus
STATE OF KERALA – Respondent
| Table of Content |
|---|
| 1. allegations of financial misconduct against cooperative bank directors. (Para 2 , 3) |
| 2. court’s reasoning for not allowing bail based on investigation needs. (Para 4 , 6 , 7) |
| 3. defense arguments regarding lack of connection to the crime. (Para 5) |
| 4. court’s directive on the bail application and surrender process. (Para 8) |
O R D E R
This application is filed under Section 482 of the Bharatiya Nagarik Suraksha Sanhita , 2023 (for short, BNSS ), seeking pre-arrest bail.
2. The applicants are the accused Nos.11 and 17 in Crime No.816/2025 of Mala Police Station, Thrissur District. The offences alleged are punishable under Sections 406 , 409 and 420 read with Section 34 of the Indian Penal Code , 1860.
3. The prosecution case, in short, is that the accused No.1 is the President and accused Nos. 2 to 21 are the Director Board members of the Mala Service Co-operative Bank. They committed fraud, criminal misappropriation, irregularities, mismanagement, and maladministration in the Bank by abusing their official positions, thereby causing the Bank to sustain a total loss of Rs. 10,07,69,991/-.
4. I have heard Sri.K.N.Abhilash, the learned counsel for the applicants and Sri.
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