Bail plea of AAP minister Satyendra Jain has been denied in money laundering case

On November 17, the Rouse Avenue Court dismissed the bail plea of Delhi Minister Satyendar Jain and two others in the money laundering case. Jain was arrested on May 30th under sections of the Prevention of Money Laundering Act by Enforcement Directorate.

Special Judge Vikas Dhull of the Rouse Avenue Court pronounced the order which was deferred earlier. The same judge was scheduled to pronounce the order on Wednesday.

However, the court deferred the matter, citing that the order was not ready.

A detailed order will be made available later in the day.

Bail denied in previous hearings as well

Jain, whose bail has been denied in various hearings since his arrest in the PMLA case on May 30, is presently lodged in Tihar Jail.

As per the earlier submissions of the Enforcement Directorate (ED), the AAP leader was in de facto control of shell companies used for alleged money laundering, and co-accused Ankush Jain and Vaibhav Jain were just dummies.

On the other hand, Satyendar Jain's counsel argued that the alleged role attributed to him does not fall in the ambit of Section 45 of the PMLA.

CBI accused Satyendar Jain, wife and others of corruption

Earlier, the CBI had accused Satyendar Jain, his wife, and others of offences under the Prevention of Corruption Act.

On March 31, the ED provisionally attached immovable properties worth Rs 4.81 crore belonging to companies beneficially owned and controlled by the minister.

On June 6, the probe agency conducted raids at multiple locations belonging to Satyendar Jain, his wife and accomplices, who had either directly or indirectly assisted him or participated in the processes of money laundering.

A recovery of Rs 2.85 crore in cash and 133 gold coins weighing 1.80 kg was made during the raid.

Published on: Thursday, November 17, 2022, 02:13 PM IST