Special judge A C Joshi turnd down the Sharma's plea for a five-day bail to pay homage to his late mother during the upcoming 'shraddh' season, on the ground that he might tamper with evidence if let out of jail.
Sharma's lawyer had argued that his client be granted temporary bail between September 18 and September 22, and submitted before the court that he will stay in Ahmedabad during this period.
Sharma was arrested by the ED on August 1 this year under the provisions of the Prevention of Money Laundering Act, 2002, days after the Supreme Court vacated an interim stay on his arrest. He was sent in judicial custody on August 8 and is currently lodged at Sabarmati Central Jail.
The case pertains to the sanction of government land in Bhuj for industrial use to M/s Welspun India Limited and its group companies, Welspun Power and Steel and Welspun Gujarat Style Roharan, as part of a suspected quid pro quo.
Against this favour, he allegedly received gain to the tune of Rs 22 lakh in the name of his wife Shyamal P Sharma, the ED probe report said.
Sharma had earlier claimed that he was being victimised by the BJP government in Gujarat for his knowledge of the illegal surveillance of the woman by government agencies.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
