Monikuntala Roy, judicial magistrate in an Alipore court, rejected the bail plea filed by Mitra's counsel pleading that he would not tamper with any evidence and would comply with any condition imposed by the court.
Mitra's counsel Ashok Mukherjee also submitted that there was no evidence against him regarding his alleged involvement in the multi-crore Saradha scam and claimed it was out of political vendetta that he had been kept behind bars.
Mitra, who was allowed by the court to make his submission, said he would accept even a punishment of hanging if it was proved that even a single rupee was transferred to his account from the Saradha Group.