2G Case: Court dismisses bail plea of Cineyug Director

Cineyug Films Director Karim Morani, an accused in the 2G spectrum case, was today arrested and taken into judicial custody after a Delhi court rejected his bail plea.

Special CBI Judge O P Saini refused the plea of Morani who is charged with facilitating the transaction of Rs 200 crore 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 for facilitating the Rs 200 crore transaction.

The court did not accepted 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 May 24 after the court had denied anticipatory bail and directed him to appear before it.

CBI, in its second charge sheet in the 2G case, had alleged that Swan Telecom and Dynamix Realty Promoters Shahid Usman Balwa and Vinod Goenka channeled Rs 200 crore to DMK-run Kalaignar TV through Kusegaon Fruits and Vegetables Pvt Ltd and Morani's Cineyug Films Pvt Ltd.

The court had earlier dismissed Morani's anticipatory bail plea on medical ground, saying that as per May 19 reports received from the department of Cardiology and Neurosurgery of Mumbai's J J Hospital, his condition is "stable and normal".

Opposing the bail plea of Morani, CBI had said all other accused, involved in the transaction of Rs 200 crore from DB Realty to Kalaignar TV, are already in judicial custody.