The Supreme Court on Friday dismissed a plea by Maharashtra Cabinet minister Nawab Malik seeking release from judicial custody in the money laundering case involving underworld don Dawood Ibrahim which is being investigated by the Enforcement Directorate (ED)..A bench headed by Justice DY Chandrachud said that the top court cannot interfere at this stage. "You can apply for bail at appropriate court. We cannot interfere at this stage. It is too nascent a stage," said Justice Chandrachud. .Senior Counsel Kapil Sibal, appearing for Malik questioned how the Prevention of Money Laundering Act can apply since there is no predicate offence. He also cited Justice Chandrachud's judgment in Arnab Goswami case. "There is no predicate offence. How does PMLA apply? I am against High Court order. There is Arnab Goswami case also in my favour," Sibal said. "We will not entertain. Dismissed," the bench said. .Malik approached the top court challenging an order passed by the Bombay High Court on March 15 rejecting his plea.ED had arrested Malik on allegations that he had allegedly purchased a property at a rate lower than market value from Dawood.Malik was allegedly picked up from his residence at 7 am on February 23 for interrogation after he was made to sign the summons issued to him by ED.After interrogation for over 8 hours, Malik was arrested and taken for medical examination.From there, he was produced before Special Judge under Prevention of Money Laundering Act (PMLA) who remanded him to 8-day custody.Special Judge RN Rokade while remanding him to custody reasoned that sufficient time would be required to investigate proceeds of crime which traversed over the last 20 years.The judge had also observed that the allegations against Malik were prima facie well-founded.Malik had then moved Bombay High Court by way a Habeas Corpus petition which came to be dismissed leading to the present plea before the top court.