Special Judge Anil Kumar Sisodia dismissed the application filed by Talwar seeking “default bail”, claiming that the cognizance of the chargesheet was not taken within 60 days as prescribed under the law.
Talwar is also facing a probe by the CBI and Enforcement Directorate for allegedly influencing dubious deals between Air India and foreign aircraft manufacturers leading to massive losses to the exchequer.
Talwar is one of the main accused who allegedly facilitated dispersal of profit-making routes of Air India to private airlines using his connection with the then Civil Aviation Minister and has been in judicial custody for money laundering.
ED claimed in the charge sheet filed on May 1 against Talwar, who has been arrested by the agency and currently is in judicial custody, that he allegedly finalised various communications addressed to Patel on behalf of Emirates and Air Arabia.
The ED has alleged that Talwar received over Rs 272 crore as kickbacks for pushing several deals in the aviation sector in India. This money, the ED has claimed, was routed through several shell companies floated by Talwar, and used to buy the hotel, which is valued at over Rs 120 crore.
The ED has claimed that Talwar had created a web of entities owned by him and his family members in India and international offshore havens, to launder the Rs 272 crores received from foreign airlines.