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It said the material collected during the investigation showed that Sisodia prima facie subverted the process of making the excise policy by fabricating public feedback to suit his predetermined goal.
The high court had on May 14 reserved its order on the pleas after hearing arguments on behalf of the AAP leader, CBI and ED.
Sisodia has challenged a trial court’s April 30 order by which his bail pleas were rejected.
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Meanwhile, Special Judge Kaveri Baweja on Tuesday extended Sisodia’s judicial custody till May 31 in the money laundering case related to the alleged excise scam.
The Enforcement Directorate (ED) had on March 9 last year arrested the former deputy chief minister of Delhi.
Sisodia was arrested by the CBI earlier in the alleged liquor scam.