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Delhi High Court Rejects Bail Plea Of Satyendar Jain In Money Laundering Case
AAP leader Satyendar Jain is being probed by the ED for money laundering.
The Delhi High Court on Thursday (6 April) denied the bail plea of Aam Aadmi Party (AAP) leader and former minister Satyendar Jain in the money laundering case.
The single bench of Justice Dinesh Kumar Sharma said that, “Satyendar Jain is an influential person and has the potential of tampering with evidence. The petitioner (Jain) at this stage cannot be held to clear the twin conditions of PMLA.”
Jain is being probed by the Enforcement Directorate (ED) for money laundering under the Prevention of Money Laundering Act (PMLA). He has been in custody since 30 May last year.
The bail application of Jain was previously dismissed by a trial court on 17 November, 2022. The Delhi Court bench said that it did not find any illegality or perversity in the trial court’s order.
The trial court, while rejecting the bail plea, said that, “It has prima facie come on record that Jain was actually involved in concealing proceeds of crime by giving cash to Kolkata-based entry operators, and bringing the cash into three companies.”
What Is The Money Laundering Case On Satyendar Jain?
In 2017, the Central Bureau of Investigation (CBI) had accused Jain among others of money laundering to the tune of Rs 11.78 crore during 2010-12 through three companies.
Jain allegedly paid Kolkata-based entry operators of different shell companies for accommodation entries, who re-routed the money on his behalf.
Following that, the ED attached properties worth Rs 4.8 crore belonging to five companies last year. The ED case, which is based on the CBI FIR, alleges that Jain signed conveyance deeds for the purchase of agricultural land by one of the companies.
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