India, Aug. 19 -- The Delhi high court on Tuesday refused to grant bail to former Amtek Group chairperson Arvind Dham in a money laundering case stemming from an alleged Rs.27,000-crore bank fraud.

A bench of justice Ravinder Dudeja, in his 29-page verdict, said that releasing him on bail would risk compromising the trial, public's confidence in the justice system and eroding the fabric of economic governance.

The court noted that the allegations involved the commission of serious economic offences that had resulted in significant losses to public sector banks and could not be treated lightly.

The money laundering case had stemmed from an FIR filed by the Central Bureau of Investigation (CBI) in 2022, following complaints from IDBI Ban...