Central Bureau of Investigation (CBI) Special Judge Arun Bhardwaj asked the Enforcement Directorate (ED) to file a reply to his bail plea by September 16.
The court sent him to judicial custody after he was presented on the expiry of his four-day custody.
Qureshi was arrested on August 25 by the ED, after it had registered a case against him in 2016 under the Prevention of Money Laundering Act (PMLA), for alleged illegal forex dealings and tax evasion.
According to the financial crimes probe agency, Qureshi was being investigated for allegedly remitting funds through hawala channels to Dubai, London, and a few other destinations in Europe.
The ED said that during the course of investigation, certain facts had emerged that constituted omission and commission of certain acts on the part of certain public servants holding high offices in collusion with Qureshi, whereby massive illegal money transactions were carried out.
The agency also said that the records collected from the Income Tax Department had revealed that Qureshi took huge money from various persons for obtaining "undue favours from public servants" after exercising his personal influence.
Qureshi has denied the charges.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.