The HC bench of Justice Md Nazrul Islam Talukder and Justice KM Hafizul Alam rejected their bail petitions after hearing.
It also issued a rule asking the government to explain as to why four bodyguards of GK Shamim should not be granted bail in the case.
The four body guards are Mohammad Zahidul Islam, Mohammad Shahidul Islam, Kamal Hossain and Shamshad Hossain.
Advocate Khurshid Alam stood for the ACC while deputy attorney general AKM Amin Uddin Manik and assistant attorney general Helena Begum Chaina represented the state. Advocate Shamim Sardar stood for the accused.
Golam Kibria Shamim alias GK Shamim, who was known as an influential contractor of Sabujbagh, Basabo and Motijheel areas of the capital, was arrested on September 20, 2019.
Rapid Action Battalion (Rab) members seized illegal firearms and Fixed Deposit Receipts (FDRs) worth Tk 165 crore, Tk 1.8 crore in cash and foreign currencies from his house and office at Niketan.
The elite force filed three cases –- one under the narcotics control, one under the money-laundering prevention and the other under the arms acts -– against Shamim with Gulshan Police Station on September 21.
The four bodyguards of Shamim were shown arrested in a money-laundering case.