India, May 17 -- A special MCOCA court last week rejected the bail application of developer Vimal Jain, who was arrested for allegedly conspiring and financing the murder of gangster Sumit Yerunkar in broad daylight over a redevelopment project in Chunabhatti.

Yerunkar was killed on December 24, 2023, in Azad Galli, Chunabhatti by his former associates Sunil Patil alias Sunny, Sagar Sawant, Narendra alias Nanya Patil, and Ashutosh alias Babu Devidas Gavand. All the accused used to work under Yerunkar in his gang prior to 2016, when he was jailed. They allegedly fired 21 rounds at Yerunkar, killing him and injuring his three gang members and an eight-year-old girl who was playing nearby.

During investigation, police learnt that Jain, the...