Lawstreet Journal

Kerala HC Denies Interim Relief to 8 Accused Seeking Pre-Arrest Bail in Advocates' Welfare Fund Scam

Lawstreet Journal 21 May 2022 1:11am

Image courtesy: Lawstreet Journal Judiciary Kerala HC Denies Interim Relief to 8 Accused Seeking Pre-Arrest Bail in Advocates' Welfare Fund Scam

An anticipatory bail petition has been filed by eight accused in the Kerala Advocates Welfare Fund (KAWF) scam, which involved the misappropriation of over ₹7.5 crores from the fund. (Jeyaprabha R. v. CBI & connected matters)

During today's hearing, Justice K. Babu refused to grant the accused interim protection, and the case was adjourned till Monday. At this moment, the parties have been ordered to present the necessary evidence before the bench for consideration.

Earlier, an investigation by the CBI was ordered by the Apex Court into the scam, weighing the depravity of the offence in two petitions filed by lawyers who practise in courts across the state and are members of the Bar Council.

The fund was formed to give retirement benefits and social security to advocates in Kerala. The source of the fund consists of the amount of money paid by the Bar Council, voluntary donations or contributions made by the Bar Council of India or by any other bar associations as well as includes all amounts by way of sale of stamps under Section 22 of the Kerala Court Fees and Suit Valuation Act, 1959.

The trustee committee shall administer the fund and shall hold the assets belonging to the funds and the trust under Section 9 of the Act. The Trustee Committee's accounts must be audited annually by a chartered accountant appointed by the Bar Council under Section 10 (4) of the Act. The petitioner claims that it has not been done properly for some… Continue Reading...

Tagged: kerala high court   Advocates Welfare Fund   Jeyaprabha R v CBI    Justice K Babu   Suit Valuation Act 1959   Suit Valuation Act 1959   Corruption Act section 13(2)   section 13(1)(c)(d)  
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