Dhaka Metropolitan Magistrate Mohamamd Shahidul Islam passed the order after rejecting his bail petition.
Advocate GM Mizanur Rahman filed a petition for Malek’s bail in two cases before the court.
Rapid Action Battalion (Rab) arrested Abdul Malek, 63, from Turag thana area for his alleged involvement in extortion and running illegal firearms trade early Sunday.
One foreign made pistol, one magazine, five rounds of bullets, fake currency worth around Tk1.50 lakh, one laptop and one mobile phone were recovered from his possession.
Malek is reportedly the owner of two seven-story buildings, a 12 decimal plot.
Besides, the work on a 10-storey building in Hatirpool area, owned by Malek, is underway.
He was allegedly involved in many illegal activities and made huge wealth by transferring employees of different departments through lobbying.
Also read: DGHS driver arrested on extortion, illegal arms charges