A special PMLA court here on Tuesday rejected the bail plea of Sadanand Kadam, considered to be a close associate of Shiv Sena (UBT) leader and former minister Anil Parab, in an alleged money-laundering case linked to the construction of a resort in Dapoli in coastal Ratnagiri district.

Special judge for Prevention of Money Laundering Act (PMLA) cases, MG Deshpande, denied bail to Kadam, arrested in March. He is currently in judicial custody.