"All the bail applications have been rejected," Special CBI Judge O P Saini said. With the rejection of their bail pleas, they were likely to be remanded in judicial custody.
The corporate executives are Swan Telecom Director Vinod Goenka, Unitech Wireless (Tamil Nadu) Ltd Managing Director Sanjay Chandra, and three top officials of Reliance ADA Group Gautam Doshi, Surendra Pipara and Hari Nair.
The five were not arrested during the probe into the case. The court did not allow the bail plea of ailing Surendra Pipara even though Special Public Prosecutor U U Lalit had not opposed his application. The court asked the corporate honchos to remain present during the proceedings today.