Delhi HC Order On Satyendar Jain’s Bail Plea In Money Laundering Case Today

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

Satyendar Jain was arrested by the ED on Could 30 final 12 months and is accused of getting laundered cash by way of 4 corporations allegedly linked to him.

In response to information company PTI, Justice Dinesh Kumar Sharma is scheduled to pronounce the decision on Thursday.

The excessive court docket reserved the order on the bail plea on March 21 after listening to arguments of the counsel for the ED and the AAP chief.

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Earlier, Satyendar Jain submitted that no case was made out in opposition to him and he has totally cooperated within the investigation and there was no requirement to proceed his incarceration after the submitting of the cost sheet.

The AAP chief has challenged the trial court docket’s November 17, 2022 order by which his bail plea was dismissed on the bottom that he was prima facie concerned in concealing the proceeds of crime, PTI reported.

The trial court docket had additionally denied bail to 2 co-accused — Vaibhav Jain and Ankush Jain  — saying that they “knowingly” assisted the previous Delhi well being minister in concealing the proceeds of crime and have been “prima facie responsible” of cash laundering.

The excessive court docket had reserved its order on the bail pleas of Vaibhav and Ankush and can pronounce the order on their petitions.

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

The central company’s counsel had argued that the stand by Satyendar Jain saying there are not any proceeds of crime could be “demolished” by the fabric on report which additionally reveals that he was “within the thick of issues”, as per PTI’s report.

The report additional talked about the ED’s response within the court docket the place it acknowledged that the bail plea of Satyendar Jain, who was a sitting minister on the time of the alleged offence, must be dismissed as his launch would hinder additional investigation and there’s CCTV footage from Tihar jail, the place he’s in judicial custody, to indicate that he’s an “influential individual” who might affect witnesses and frustrate the proceedings.

The ED had arrested Jain within the cash laundering case based mostly on a CBI FIR lodged in opposition to Jain in 2017 below the Prevention of Corruption Act. He was granted common bail by a trial court docket on September 6, 2019, within the case lodged by the CBI.

“Cash laundering is crystal clear. Their case is that Satyendar Jain has nothing to do with it. I’ve to ascertain that Satyendar Jain was within the thick of these items,” Further Solicitor Common S V Raju had argued earlier than the excessive court docket, as quoted by PTI.

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