New Delhi, July 14 -- A Delhi court on Monday rejected the bail plea of the founder-editor of a Jammu-based news outlet, arrested by the ED in May for allegedly impersonating an "influential" PMO official and cheating people of over Rs 4 crore on the pretext of getting their work done.

The court said Vijay Gupta "failed" to satisfy the twin conditions mandated under section 45 of the Prevention of Money Laundering Act (PMLA) while dismissing his plea.

These two conditions state that the court must be satisfied that there are reasonable grounds that the accused is not guilty of the offence and that they are not likely to commit any offence while on bail.

Gupta, founder and editor of Young Bites, was arrested by the Enforcement Directorate...