First Class Magistrate Khadiza Nazneen passed the order following a bail petition filed by defence lawyers on behalf of the detainee.

The defence lawyers argued that their client was implicated in the case as part of a conspiracy to harass him. The General Recording Officer Sub-Inspector Delwar Hossain opposed the argument.

After hearing both the sides, the magistrate rejected the bail petition.

The army-led joint forces seized government relief materials from the Savar site of a factory owned by Falu on February 9.

Following the seizure, Ashulia police filed the case against Falu and several other unnamed officials and employees of the factory.

On Monday, Falu was shown arrested in the case.

According to the prosecution, the joint forces came to know that Falu, owner and chairman of the Dhaka Shanghai Ceramics Factory, built 40 by 50 feet houses for accommodation of the workers.

The joint forces dismantled six such houses constructed on the factory premises with corrugated iron (CI) sheets. Six hundred and fifty pieces of CI sheets worth around Tk 4 lakh bear inscriptions, "Relief materials of Relief and Rehabilitation Department: Not for sale".

The BNP-Jamaat-led alliance government bought the CI sheets manufactured by PHP Arabian Horse Ltd for rehabilitation of the poor and distressed through government assistance.

Falu, also the owner of private satellite television channels ntv and Rtv and the daily Amar Desh, is now in jail on a 30-day detention. He was charged with anti-state activities, obstructing public safety, and illegally erecting hoardings.