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Additional Sessions Judge Rakesh Syal denied the relief to Mr. Rai, saying the allegations against him were serious.
The court took note of the submissions made by the Enforcement Directorate (ED)’s special public prosecutors N.K. Matta and Nitesh Rana that the accused may influence the witnesses and hamper the probe if released on bail.
The journalist was arrested on June 8 by the ED under the Prevention of Money Laundering Act (PMLA) at the Tihar Jail in New Delhi, moments after he secured bail in a Central Bureau of Investigation (CBI) case related to alleged extortion and dubious financial transactions.