The Gujarat High Court has rejected the plea of Teesta Setalvad and her husband Javed Anand for de-freezing their personal bank accounts and those of their two NGOs in an alleged embezzlement case. Upholding the verdict of a lower court in this regard, the high court observed that the probe is at a serious stage in the alleged case of Gulberg society fund embezzlement. <br/><br/>Justice G.R. Udhvani said in his order that execution of bond is not a justifiable solution when the investigation is at a serious stage. According to the court, it is premature to consider as to whether the accounts are to be de-freezing at this stage and therefore no question of execution of bond arises at this stage.<br/><br/>AIR correspondent reports that the bank accounts of Teesta Setalvad, his husband Javed Anand and their two NGOs – Sabrang Trust and Citizens for Justice and Peace- had been frozen by Ahmedabad Crime Branch last year. The action came soon after Crime Branch started probing a case in which Setalvad and others are accused of embezzling more than one and a half crore rupees collected to convert Gulberg Society, where 69 people were killed during the post-Godhra riots into a riots museum.