My friend is in jail custody for a forgery case. Where the application filed cased against him that my fried cheated his father by transferring physically held shares of diff company and to my friends wife's account and later on sold them. Where as my friend is saying his client told him to do so and give him cash after selling shares. He wanted to do this because his doesn't want to show the money to his (clients son) children. Now my friend is in Jc and his wife is in PC.
Clients son told that my friend as doefed his father's documents to do all this things.
Now the points is the client's ( whose shares was transfer) demat account was opened under my wife's sub broking franchise, which I was looking after. I was not aware of these things earlier. Now I feared that police can take me and my wife in the custody for investigation. As the account was opened under my wife's franchise.
Can police do so? Shall I take am anticipatory bail for myself and my wife. Though there is no moneytary connection between me and my friend. And I really don't know about this.
