Supreme Court Reserves Verdict In AAP Leader Satyendar Jain's Bail Plea

The Supreme Court on Wednesday reserved verdict in Aam Aadmi Party (AAP) leader Satyendar Jain's challenge to denial of bail by the Delhi High Court

Satyendar Jain was taken into custody on May 30, 2022, but was granted interim bail by the apex court on medical grounds on May 26, 2023

The Supreme Court on Wednesday reserved verdict in Aam Aadmi Party (AAP) leader Satyendar Jain's challenge to denial of bail by the Delhi High Court.

The top court commenced hearing arguments on merits on January 8. 

The Bench comprising Justices Bela M Trivedi and Pankaj Mithal concluded hearing both the sides today but reserved order and said that the judgment shall be delivered either simultaneously or along with connected Special Leave Petitions (SLP) filed by Ankush Jain and Vaibhav Jainin which parties are still to be heard.

The bench directed the matter to be listed for arguments on Wednesday, January 24.

The top court was hearing Jain's petition challenging the denial of bail by the Delhi High Court in April last year. 

Jain was taken into custody on May 30, 2022, but was granted interim bail by the apex court on medical grounds on May 26, 2023. The interim bail was then extended from time to time as the case remained pending in the court.

Senior Advocate Abhishek Manu Singhvi appeared for Jain and Additional Solicitor General SV Raju represented the Enforcement Directorate (ED) in the court. The ED arrested Jain on the basis of a FIR filed by the CBI against him in 2017 under the Prevention of Corruption Act.

Jain who is also the former Delhi health minister has been accused of money laundering through four companies allegedly linked to him. Paryas Infosolution, Indo Metalimpex, Akinchan Developers and Mangalayatan Projects are those four companies.

The former Delhi minister and AAP leader has been accused of carrying out money transactions to Kolkata based entry operators of different shell companies for accommodation entries through his associates. It has been alleged that those associates then allegedly re-routed the money in the form of investment through shares in companies linked to Jain after layering them through shell companies.