Mohali, Dec. 2 -- A Mohali court has dismissed the anticipatory bail applications of Jaswant Singh, director of ATL Biofuels India Private Limited, and Parminder Pal Singh, a chartered accountant associated with the company, in the alleged Rs.3.15-crore investment fraud involving a proposed biofuel project. The applications were filed after complainant Paramjit Singh, a retired bank employee from Mohali, alleged that he and Jaspreet Singh were cheated by company directors Avtar Singh, his son Jaswant Singh, and Parminder Pal Singh, along with two others, after being lured to invest in ATL Biofuels India Pvt Ltd on the promise of high returns, share allotment, and substantial profits. According to the FIR, ATL Biofuels India Pvt Ltd was registered at Bairampur village, Mohali. On January 26, 2024, the complainant was appointed as a director after depositing Rs.65 lakh into the company's account. The complainant's relative, Jagjit Pal Singh, transferred $25,000, $60,000, and $40,000, amounting to Rs.1.26 crore, into Jaswant Singh's personal account at the complainant's request. Records show total investment reached Rs.3.15 crore. The complainants later learnt that the subsidy amount deposited with the Punjab government had been refunded in March 2025 to Jaswant Singh's personal account. They alleged that Jaswant misappropriated the funds, transferred amounts to a woman named Rupinder Kaur, and forged the complainant's signature on shareholder documents. The FIR states that the shareholding of Paramjit Singh was reduced from 50% to 39%. After hearing all parties, the court held that both accused appeared to have played an active role in misappropriation, forgery and altering shareholding records found no ground to extend anticipatory bail....