The Supreme Court on Wednesday refused to grant anticipatory bail to a chartered accountant in a money laundering investigation linked to a Rs 640-crore cyber fraud case. A bench of Justices MM Sundresh and Augustine George Masih upheld the order of the Delhi High Court which had denied pre-arrest bail to Bhaskar Yadav and directed him to surrender in 10 days.

The high court on February 2 dismissed anticipatory bail applications by Yadav and Ashok Kumar Sharma. In the 22-page judgement, the high court had said there was an "intricate mesh of laundering of money", and the need expressed by the Enforcement Directorate to interrogate the two accused in custody was not unreasonable.