Chandigarh, Aug. 4 -- A special CBI court in Chandigarh on Monday dismissed the regular bail application of Ankur Sharma, director of shell company SRR Planning Gurus, observing that the investigation prima facie disclosed his involvement in handling and benefiting from the proceeds of the alleged CREST government funds siphoning case.

Rejecting the plea, special judge Bhawna Jain held that Sharma was "not a passive Director" but appeared to be in "exclusive control of the financial transactions carried out through the banking operation" of the company, as he was the sole authorised signatory of its Yes Bank and RBL Bank accounts. The court further noted that the company's Yes Bank account was linked to his personal email address and mob...