The bail pleas were reserved by justice S S Sateeshchandran.
Though the Advocate General K P Dandapani favoured bail to Joppen, the bail application of Shalu Menon was stoutly opposed.
Joppen is in custody since the last 52 days and Shalu for 46 days.
The government informed the court that they have ratified that approval of Special Investigation Team. The total amount of cheating involved was nearly Rs 6.85 crore.
The scam pertains to cheating of investors of crores of rupees by promising solar panel.
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