Upholding the verdict of a lower court in this regard, the high court observed that the probe is at a serious point in the alleged case of Gulberg society fund embezzlement. "What is important is not the money but the alleged criminal act related to the money. In this case execution of bond is not a justifiable solution when the investigation is at a serious point," Justice G R Udhvani of the Gujarat High Court said in the order.
"This court records its inability to find any substance in the application (of Setalvad and others) and therefore the decision of a lower court is just and proper and requires no interference (by the high court). Hence, the petitions are dismissed," the High Court said.
"According to the court, it is premature to consider as to whether the accounts are to be defreezed at this stage and therefore no question of execution of bond arises at this stage," it said. The bank accounts of Setalvad, Anand and their two NGOs Sabrang Trust and Citizens for Justice and Peace had been frozen by Crime Branch of Ahmedabad Police last year.
The action came soon after Crime Branch started probing a case in which Setalvad and others are accused of embezzling Rs 1.51 crore collected to convert Gulberg Society where 69 people were killed during the post Godhra riots into a 2002 riots museum.
A lower court had last November rejected their pleas seeking defreezing of the bank accounts, observing that the accused had not cooperated with the investigation.

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