New Delhi, Feb. 2 -- The Delhi High Court on Monday rejected the anticipatory bail applications filed by two Chartered Accountants in connection with a large-scale cyber fraud and money laundering case involving transactions amounting to over Rs 100 crore, observing that custodial interrogation was necessary to unearth the full extent of the alleged offence.

Justice Girish Kathpalia declined to grant pre-arrest bail to the accused, Bhaskar Yadav and Ashok Kumar Sharma, holding that they had failed to satisfy the mandatory "twin conditions" prescribed under Section 45 of the Prevention of Money Laundering Act (PMLA).

The court found no reasonable grounds to believe that the accused were not guilty of money laundering or that they were un...