Mumbai, March 13 A Mumbai court denied bail to alleged middleman Ketan Kadam in the ₹65 crore Mithi river desilting scam case, after calling him the "mastermind of the criminal conspiracy".
His bail plea was rejected earlier this week by Additional Sessions Judge N G Shukla. In the reasoned order made available on Friday, the court noted that Kadam was involved in the serious offence of causing wrongful loss to the Brihanmumbai Municipal Corporation (BMC).
"I find there are serious charges against the applicant showing he is the mastermind of the criminal conspiracy," the court said.
It was Kadam's third attempt at seeking bail since his arrest in May 2025.
According to the prosecution, the BMC had given contracts of desilting the Mithi river at multiple sites to different companies by inviting tenders between 2019 and 2024.
It alleged that Kadam, the chief executive officer (CEO) of Virgo Specialties Pvt Ltd, conspired with BMC officials and contractors to insert such terms and conditions in the tender that compelled contractors to hire machines from his firm.
According to the investigating agency, charges against Kadam include paying for air tickets and luxury hotel stays for BMC officials during their visits to Delhi and Kerala prior to the machine purchases.
Extensive documents, which are part of the chargesheet, show that Kadam had compelled contractors to execute an agreement with his company to hire machines at exorbitant rates, the court observed.
The court said the applicant is an influential person who may tamper with evidence if released on bail.
