A Delhi court today denied bail to Kashmiri businessman Zahoor Watali, under arrest for his alleged role in a terror-funding case also involving Lashkar-e-Taiba (LeT) chief and 26/11 Mumbai attack mastermind Hafiz Saeed.
On June 5, the court had reserved Watali's bail application after hearing the arguments on his behalf as well as from the National Investigation Agency (NIA).
Watali was arrested on August 17 last year by the NIA. He is currently in judicial custody.
Opposing the bail plea, the NIA contended that the source of funds received by the accused was not satisfactorily explained by him. If released on bail, he might hamper the probe and flee from justice, it said.
In his application moved by advocate Shariq Reyaz, Watali said no offence under the stringent Unlawful Activities (Prevention) Act (UAPA) was made out against him in the charge sheet and that he had already spent nine months in jail.
His counsel said the probe in the case was already concluded and the charge sheet filed.
The separatist leaders have been accused of taking a cut of the money.
Saeed has been accused of using Watali's services for passing on the money to the separatists and some individuals, who were actively indulging in stone-pelting in the Valley.
The NIA has charged Pakistan-based terrorists Saeed and Salahuddin, besides 10 others, with criminal conspiracy, sedition and provisions of the UAPA.
All the accused are currently in judicial custody.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)