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"There are certain prima facie evidences against the accused. Considering the complicity of the accused in the offence, the bail applications are dismissed," Justice Ajit Bharihoke said.
Kanimozhi`s mother Rajathi Ammal and DMK parliamentary party leader T R Baalu were present in the courtroom when the order was pronounced.
Kanimozhi, the 43-year-old daughter of DMK supremo M Karunanidhi, and Kumar were named by the CBI for allegedly receiving a kick back to tune of Rs 200 crore.
Both Kanimozhi and Kumar have 20 per cent stake each in Kalaignar TV Pvt Ltd which allegedly received Rs 200 crore through a "circuitous" route from Shahid Balwa promoted D B Realty.
DMK chief`s wife Dayalu Ammal, who has been left out of the list of accused, owns the remaining 60 per cent shares in the channel.
Kanimozhi and Kumar had moved the high court on May 23 challenging the trial court`s order which had rejected their bail pleas, saying the offence attributed to them was grave and the possibility of influencing the witnesses cannot be ruled out.
CBI Special Judge O P Saini had on May 20 rejected the bail pleas of Kanimozhi and Kumar and ordered their "forthwith" arrest. They are currently lodged in Tihar Jail.
Kanimozhi, who sought bail in the special court on the ground of being a woman, had approached the high court seeking relief citing the need to look after her school-going child who is devoid of her care as his father is working abroad.
Justice Bharihoke had on May 23 dismissed bail pleas of five corporate honchos, including Unitech Group MD Sanjay Chandra and Reliance ADAG MD Gautam Doshi in the case, saying there was a possibility that they may influence the witnesses.
