NEW DELHI, May 3 -- A Delhi court on Saturday dismissed the bail plea of Al-Falah University chancellor Jawad Siddiqui in a money laundering case of more than Rs.400 crore, observing that he abused his position to use educational institutions for personal benefit. Additional sessions judge Sheetal Chaudhary Pradhan of Saket courts, in an 85-page order, said the allegations were "grave" and no grounds for bail were found. "There is prima facie evidence that proceeds of crime were generated from criminal activities. the applicant may be directly linked," the court noted. The order said proceeds from Al-Falah University and colleges were routed through four firms owned by Siddiqui's wife, children, and trusted employees but controlled by him. The funds were moved abroad and invested in businesses and properties. "As managing trustee and chancellor, he abused his fiduciary duties by using charitable and educational institutions as instruments for personal, family and commercial benefit," the court observed. Senior advocate Vikram Chaudhary, appearing for Siddiqui, argued his client had no connection with doctors linked to the Red Fort bomb blast case and had terminated them before any case was lodged. He said the accreditation status had nothing to do with the validity of degrees, adding that all graduating students were settled....