New Delhi, Oct. 15 -- The Delhi High Court on Thursday dismissed real estate businessman Nayan N Raheja's anticipatory bail plea in a money laundering case, observing that he had failed to satisfy the twin conditions under the Prevention of Money Laundering Act (PMLA) and that his failure to appear before the Enforcement Directorate (ED) despite repeated summons weighed against granting him protection from arrest.

Justice Amit Bansal held that, in view of the material on record, it could not be said that Raheja was not guilty of the alleged money laundering offence or that he would not be involved in such activity if granted bail. The court noted that the investigation was ongoing and that his role was still being examined.

The court fu...