Explorer

Satyendar Jain Moves Delhi HC Challenging Trial Court Order Denying Bail In Money Laundering Case

Jain has challenged the trial court's November 17 order which dismissed his bail plea on the ground that he was prima facie involved in concealing the proceeds of crime.

Jailed AAP minister Satyendar Jain has approached the Delhi High Court challenging a trial court order denying him bail in a money laundering case lodged by the Enforcement Directorate (ED).

Jain said he is not in a position to influence witnesses or tamper with evidence and is not a flight risk if granted the relief in the case of ED's ECIR (the equivalent of FIR) registered on September 30, 2017 under the Prevention of Money Laundering Act (PMLA), The plea is likely to come up for hearing later this week.

Jain has challenged the trial court's November 17 order which dismissed his bail plea on the ground that he was prima facie involved in concealing the proceeds of crime.

In his plea, the AAP leader claimed that since he was not in possession of any proceeds, the offence under the PMLA was not made out.

It claimed that the special judge and ED have gravely misread and misapplied the PMLA by identifying proceeds of crime solely on the basis of accommodations entries which cannot itself lead to a punishable offence under the Act.

Proceeds of crime under the PMLA has to be derived as a result of scheduled criminal activity, it said.

Jain, who was arrested by the ED on May 30, is currently in judicial custody. He was granted regular bail by a trial court on September 6, 2019 in the case lodged by the CBI.

Besides him, the trial court had also denied bail to two co-accused -- Vaibhav Jain and Ankush Jain -- saying that they "knowingly" assisted Jain in concealing the proceeds of crime and were "prima facie guilty" of money laundering.

ALSO READ: Shraddha Murder Case: BSF Deployed Outside Forensic Lab After Attack On Police Van Carrying Aftab

The trial court had said "prima facie" Jain was "actually involved in concealing the proceeds of crime by giving cash to the Kolkata-based entry operators and thereafter, bringing the cash into three companies... against the sale of shares to show that income of these three companies was untainted one." "By this process, the proceeds of crime to the tune of 1/3rd of Rs 4.61 crore has been laundered. Apart from that, Jain has also used the same modus operandi to convert his proceeds of crime of Rs 15 lakh by receiving accommodation entries from Kolkata-based entry operators in his company by the name of J J Ideal Estate Pvt Ltd," it had noted.

It had said that Jain had knowingly done such activity to obliterate the tracing of the source of ill-gotten money and accordingly the proceeds of crime were layered through Kolkata-based entry operators in a way that its source was difficult to decipher.

"Hence, applicant/accused Satyendar Kumar Jain has prima facie indulged in the offence of money laundering of more than Rs 1 crore," the trial court had said, adding that money laundering was a "serious economic offence".

The ED had arrested the accused in the money laundering case based on a CBI FIR lodged against Jain in 2017 under the Prevention of Corruption Act.

Jain is accused of having laundered money through four companies allegedly linked to him.

Recently, the court also took cognisance of the prosecution complaint (charge sheet) filed by the ED against Jain, his wife and eight others, including the four firms, in connection with the money laundering case. 

(This story is published as part of the auto-generated syndicate wire feed. No editing has been done in the headline or the body by ABP Live.)

View More
Advertisement

IPL Auction 2025

Most Expensive Players In The Squad
Virat Kohli
₹21 CR
Josh Hazlewood
₹12.50 CR
Rajat Patidar
₹11 CR
View all
Most Expensive Players In The Squad
Rishabh Pant
₹27 CR
Nicholas Pooran
₹21 CR
Ravi Bishnoi
₹11 CR
View all
Most Expensive Players In The Squad
Jasprit Bumrah
₹18 CR
Suryakumar Yadav
₹16.35 CR
Hardik Pandya
₹16.35 CR
View all
Most Expensive Players In The Squad
Heinrich Klaasen
₹23 CR
Pat Cummins
₹18 CR
Abhishek Sharma
₹14 CR
View all
Most Expensive Players In The Squad
Ruturaj Gaikwad
₹18 CR
Ravindra Jadeja
₹18 CR
Matheesha Pathirana
₹13 CR
View all
Most Expensive Players In The Squad
Shreyas Iyer
₹26.75 CR
Arshdeep Singh
₹18 CR
Yuzvendra Chahal
₹18 CR
View all
Most Expensive Players In The Squad
Sanju Samson
₹18 CR
Yashaswi Jaiswal
₹18 CR
Riyan Parag
₹14 CR
View all
Most Expensive Players In The Squad
Venkatesh Iyer
₹23.75 CR
Rinku Singh
₹13 CR
Varun Chakaravarthy
₹12 CR
View all
Most Expensive Players In The Squad
Rashid Khan
₹18 CR
Shubman Gill
₹16.5 CR
Jos Buttler
₹15.75 CR
View all
Most Expensive Players In The Squad
Axar Patel
₹16.5 CR
KL Rahul
₹14 CR
Kuldeep Yadav
₹13.25 CR
View all
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

'Students Unable To Get Mid-Day Meals': SC Directs CAQM To Consider Re-Opening Schools In Delhi
'Students Unable To Get Mid-Day Meals': SC Directs CAQM To Consider Re-Opening Schools In Delhi
Parliament Winter Session: Protests Over Adani Charges Force Adjournment Of Both Houses
Parliament Winter Session: Protests Over Adani Charges Force Adjournment Of Both Houses
IND vs AUS 1st Test: India Crush Australia By 295 Runs At Perth To Take 1-0 Lead In Border-Gavaskar Trophy
IND vs AUS 1st Test: India Crush Australia By 295 Runs At Perth To Take 1-0 Lead In Border-Gavaskar Trophy
Yogi Govt, Vishva Hindu Parishad Planned Sambhal Violence For 2027 UP Elections: SP
Yogi Govt, Vishva Hindu Parishad Planned Sambhal Violence For 2027 UP Elections: SP
Advertisement
ABP Premium

Videos

FIR Filed Against Sambhal MP Ziaur Rahman, Statement Released Amidst ControversyFIR Filed Against Sambhal MP Ziaur Rahman and Local MLA's Son in Controversial CaseSambhal Violence Sparks Political Firestorm, Congress MP Imran Masood's Strong Remarks | ABP NewsBreaking News: SP Leader Ram Gopal Yadav Reacts to Sambhal Violence | ABP News

Photo Gallery

Embed widget