"Considering the enornmity and gravity of the offence and the allegations levelled against the four applicants (corporators), their anticipatory bail pleas are rejected," Justice Ajey Gadkari said.
The four corporators - Vikrant Chavan (Congress), Najib Mulla, Hanumant Jagdale (both NCP) and Sudhakar Chavan (independent) - had approached the high court in November seeking pre-arrest bail after a sessions court in Thane rejected their plea for the same.
The high court had on November 3 granted the four interim protection from arrest and posted their petitions for final hearing.
Parmar, a leading builder, had shot himself on October 7. His suicide note alleged that a nexus of corporators and officials was harassing him for bribes.
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Thane Police had registered a case of abetment of suicide under the IPC and 'criminal misconduct' under the Prevention of Corruption Act as the suicide note allegedly named these four corporators.
Public prosecutor Raja Thakare, while opposing the bail pleas, told the court today that the police needs custodial interrogation of the four accused to ascertain financial transactions.