The Delhi High Court will pronounce on Thursday its order on the bail plea of jailed former AAP minister Satyendar Jain in a money laundering case being probed by the Enforcement Directorate (ED).


Satyendar Jain was arrested by the ED on May 30 last year and is accused of having laundered money through four companies allegedly linked to him.


According to news agency PTI, Justice Dinesh Kumar Sharma is scheduled to pronounce the verdict on Thursday.


The high court reserved the order on the bail plea on March 21 after hearing arguments of the counsel for the ED and the AAP leader.


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Earlier, Satyendar Jain submitted that no case was made out against him and he has fully cooperated in the investigation and there was no requirement to continue his incarceration after the filing of the charge sheet.


The AAP leader has challenged the trial court's November 17, 2022 order by which his bail plea was dismissed on the ground that he was prima facie involved in concealing the proceeds of crime, PTI reported.


The trial court had also denied bail to two co-accused — Vaibhav Jain and Ankush Jain  — saying that they "knowingly" assisted the former Delhi health minister in concealing the proceeds of crime and were "prima facie guilty" of money laundering.


The high court had reserved its order on the bail pleas of Vaibhav and Ankush and will pronounce the order on their petitions.


The bail pleas of all three accused were opposed by the ED.


The central agency's counsel had argued that the stand by Satyendar Jain saying there are no proceeds of crime can be "demolished" by the material on record which also shows that he was "in the thick of things", as per PTI's report.


The report further mentioned the ED's response in the court where it stated that the bail plea of Satyendar Jain, who was a sitting minister at the time of the alleged offence, should be dismissed as his release would obstruct further investigation and there is CCTV footage from Tihar jail, where he is in judicial custody, to show that he is an "influential person" who may influence witnesses and frustrate the proceedings.


The ED had arrested Jain in the money laundering case based on a CBI FIR lodged against Jain in 2017 under the Prevention of Corruption Act. He was granted regular bail by a trial court on September 6, 2019, in the case lodged by the CBI.


"Money laundering is crystal clear. Their case is that Satyendar Jain has nothing to do with it. I have to establish that Satyendar Jain was in the thick of these things," Additional Solicitor General S V Raju had argued before the high court, as quoted by PTI.