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Delhi Court Denies Bail to Satyendar Jain in Money Laundering Case

A Delhi court on Thursday refused to grant bail to Aam Aadmi Party (AAP) leader Satyendar Jain and two others in connection with a money laundering case.

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 the order was not ready.

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

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.

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.

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