The Delhi High Court rejected the bail plea of former Aam Aadami Party minister Satyendar Jain in the money laundering case being investigated by the Enforcement Directorate (ED). The court said Jain is an influential person and may tamper with evidence.
The bench reserved the order on March 21 following the conclusion of the submissions made by the defence and prosecution sides following multiple hearings in the matter.
Additional Solicitor General SV Raju appeared for Enforcement Directorate and stated that money laundering is crystal clear against Jain and other co-accused. In his bail plea, Jain said, “I appeared before ED on 7 occasions. I have cooperated and participated in the investigation. I was arrested 5 years down the line in 2022”.
Satyendar Jain’s bail petition was denied by the trial court on November 17, 2022. He was arrested on May 30, 2022, by the Enforcement Directorate under sections of the Prevention of Money Laundering Act (PMLA) and is currently in Judicial Custody in the case.
Enforcement Directorate (ED) arrested Delhi Health Minister Satyendar Jain in a money-laundering case. The Rs. 4.8 crore matter is based on a CBI FIR lodged against the AAP leader in 2017 under the Prevention of Corruption Act where he was accused of having routed money through four Kolkata-based companies linked to him.
The CBI complaint noted that Jain could not explain the source of funds received by the companies in which he was a shareholder. The case is registered against him, his wife and four others. Earlier in 2018, the minister had been questioned by both, the CBI and ED.
The ED provisionally attached immovable properties worth Rs 4.81 crore belonging to these companies — Akinchan Developers Pvt Ltd, Indo Metal Impex Pvt Ltd, Paryas Infosolutions Pvt Ltd, Manglayatan Projects Pvt Ltd and JJ Ideal Estate Pvt Ltd. This apart, properties belonging to Swati Jain, Sushila Jain, Ajit Prasad Jain and Indu Jain have been attached on grounds of “disproportionate assets.”