Special judge Arvind Kumar rejected Michel's plea in the cases filed by the CBI and the Enforcement Directorate. Michel, extradited from Dubai, was arrested by the Enforcement Directorate (ED) on December 22 last year.
On January 5, Michel was sent to judicial custody in the ED case. He is also lodged in judicial custody in the CBI case related to the scam.
Michel is among the three alleged middlemen being probed in the case by the ED and the Central Bureau of Investigation (CBI). The others are Guido Haschke and Carlo Gerosa.
(With PTI inputs)
Also read: Delhi court extends interim protection from arrest to Robert Vadra till March 2