ED had arrested Malik on allegations that he had purchased a property at a rate lower than market value from Ibrahim.
Malik was allegedly picked up from his residence at 7 am on February 23 for interrogation after he was made to sign the summons issued to him by ED.
After interrogation for over 8 hours, Malik was arrested and remanded to ED custody for 8 days after which he has been remanded to judicial custody.
Malik had also moved the Bombay High Court by way a Habeas Corpus petition which came to be dismissed. The same was upheld by the Supreme Court.
The Supreme Court directed Malik to approach the special court for bail.
Malik has not yet filed for regular bail, despite remarks from the Supreme Court, as he is waiting for a copy of the prosecution complaint filed by the central agency.
Meanwhile the Special Court has permitted Malik to avail treatment at a private hospital of his choice for his medical condition.
Source: Barandbench
