The Supreme Court on Monday denied bail to ex-Delhi Deputy Chief Minister Manish Sisodia in the liquor excise policy case, noting that a money trail of Rs 338 crore had been "tentatively established" and that the "rule of law applies equally to all citizens and institutions, including the State". In refusing Mr Sisodia bail, the court accepted the CBI's argument against the Aam Aadmi Party leader - that there is a "carefully hatched conspiracy... (to) assure unjust enrichment" of a select few, and that the policy "facilitated getting bribes" from wholesale distributors "assured exorbitant profits".