Bloomberg News quoted Swiss justice official, Folco Galli as rejecting the latest offer, saying the "risk of flight remains high."
This marks the third time Roman Polanski's bail from a swiss jail has been rejected, regardless of the "very, very significant" amount of cash offered.
In 1977 the Polish - French, director, producer, writer, actor was arrested for the sexual assualt of a thirteen-year-old girl. He then fled to France to avoid sentencing. Despite the warrant for his arrest, he continued filmmaking, during which time his movie, "The Pianist" won three Academy Awards, including Best Director.
Polanski, 76 - who lives in France, where he is protected from extradition - was arrested Saturday when he arrived in Switzerland to accept a lifetime-achievement award at the Zurich Film Festival.
Lawyer Herve Temime says the large monetary offer, made Monday includes “adequate guarantees” that Polanski will not flee justice if released.
According to the Internet Movie Database (IMDB) Polanksi, while incarcerated, will continue his post-production work on "The Ghost" with release date set for 2010.
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