Delhi Court Rejects Satyendar Jain's Bail Plea In Money Laundering Case

The Rouse Avenue Court in Delhi dismissed bail plea of Satyendar Jain and two others in the money laundering case. Jain was arrested on May 30 under sections of the PMLA by ED.

The Rouse Avenue Court in Delhi on Thursday dismissed bail plea of Delhi Minister Satyendar Jain and two others in the money laundering case. Jain was arrested on May 30 under sections of the Prevention of Money Laundering Act by Enforcement Directorate. Special Judge Vikas Dhull pronounced the order. The court also denied bail to co-accused Ankush Jain and Vaibhav Jain. Last week, the court had reserved its order on the bail plea by Satyender Jain.  Senior Advocates N.Hariharan and Rahul Mehra appeared for Jain whereas ASG SV Raju along with Zoheb Hossain represented the Enforcement Directorate.

Vikas Dhull today said all three bail petitions are dismissed and fixed the matter for November 29, 2022, for arguements in the main matter. Earlier, Hariharan and Rahul Mehra, representing Jain, alleged that a conspiracy for money laundering was hatched in 2010. At the time, Jain was neither an MLA nor a minister, they added, questioning, "How could he have hatch a conspiracy for money laundering?"

It was also submitted that the other accused in the case have admitted that the money allegedly laundered belongs to them according to the chargesheet. Jain has nothing to do with the companies in question, the advocates further argued.

After hearing the arguments from Jain's counsel and the Enforcement Directorate (ED), Special CBI Judge Vikas Dhull had reserved his order on the plea. The case was transferred for hearing before Special Judge Vikas Dhull after the ED submitted that there was an apprehension of bias during the hearing. Earlier, the case was pending before Special Judge Geetanjali Goel.

Opposing the bail plea, ASG S V Raju, representing the Enforcement Directorate (ED), submitted that there are witnesses and materials sufficient to make out a case of money laundering against the accused. The ASG further claimed that the accused was involved in money laundering with the other accused. Jain sent money, which belongs to him, to Kolkata-based companies, the ASG added, claiming that the AAP leader is the conspirator and kingpin.