Bhubaneswar: The Special CBI court here rejected the bail plea of noted Bengali film producer and distributor Shrikant Mohta. He was arrested on Thursday in connection with the Rose Valley money laundering scam.
Mohta was produced before the court by the CBI after completion of his remand.
Mohta, co-founder of Shree Venkatesh Films (SVF), was arrested in Kolkata and flown to Bhubaneswar where he was produced before a special CBI magistrate.
Sources said Mohta was arrested pertaining to a deal of Rs-24 crore signed between SVF and a Rose Valley group-owned TV channel in 2010. He was sent to judicial custody.
Mohta was arrested by the CBI after the Central investigating agency got credible information regarding his links and dubious monetary transactions with Rose Valley chief Gautam Kundu. Kundu is now behind the bars.