Special CBI Judge O P Saini refused the plea of Morani who is charged with facilitating the transaction of 200 crore rupees from DB Realty to Kalaignar TV, in which DMK MP Kanimozhi holds 20 per cent stake.
The CBI had alleged that Morani took six crore rupees for facilitating the 200 crore transaction. The court did not accept the plea of the accused that he was entitled for bail as he was not arrested during the investigation of the case.
Morani had filed his regular bail plea on Tuesday after the court had denied anticipatory bail and directed him to appear before it.