India, May 3 -- A Delhi court on Saturday dismissed the bail plea of Al-Falah University chancellor Jawad Siddiqui in a money laundering case of over Rs.400 crore, observing that he abused his position to use educational institutions for personal benefit.

Additional sessions judge Sheetal Chaudhary Pradhan of Saket courts, in an 85-page order, said the allegations were "grave" and no grounds for bail were found.

"There is prima facie evidence that proceeds of crime were generated from criminal activities. the applicant may be directly linked," the court noted.

The order said proceeds from Al-Falah University and colleges were routed through four firms owned by Siddiqui's wife, children, and trusted employees but controlled by him. The ...