India, June 11 -- The Bombay high court on Monday rejected the anticipatory bail plea of the main accused in the alleged embezzlement of around Rs.77.52 crore from the defence-run United Services Club, popularly known as the US Club, in Colaba.

A single judge bench of justice Rajesh Patil rejected the pre-arrest bail plea of the Bernadette Varma, the club's former deputy finance secretary, in which she allegedly admitted that she had purchased 21 properties in Mumbai-14 flats and seven shops-in her and her husband's name, and luxury cars like a Range Rover, a Mercedes and an MG Hector from the embezzled funds. Her bail plea said that she later sold the cars and then invested over Rs.8 crore in fixed deposits and other financial instrumen...