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Delhi court denies bail for AAP minister Satyendar Jain in money laundering case

A Delhi court on Thursday denied bail to AAP leader Satyendar Jain and two others in a money laundering case. “All three applications for bail have been rejected,” special judge Vikas Dhull said.

The AAP minister had urged the court to release him on bail, saying there would be no point in detaining him any longer. Jain serves as the Minister of Health, Home, Energy and PWD in the AAP-led government in Delhi, among others.

The bail verdict was due to be issued on Wednesday, but the judge adjourned the case, saying the warrant was not yet ready.

The judge reserved the order after hearing the arguments of the defendants, including Vaibhav Jain and Ankush Jain, as well as the Directorate of Enforcement (ED).

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

In October, pleading for bail, Jain had said his only mistake was becoming a minister or there would be no case.

ED had arrested the accused in the money laundering case based on a CBI FIR filed against Jain in 2017 under the Prevention of Corruption Act. Jain is accused of laundering money through four companies allegedly associated with him.

Jain was taken into custody in connection with the hawala transactions involving Kolkata-based companies owned and controlled by him.

ED sources said Jain, 57, was evasive during interrogation today, after which he was arrested from the bureau’s office in Delhi. He will be produced in court on Tuesday morning.

The ED recently provisionally seized real estate worth Rs 4.81 crore belonging to Akinchan Developers Pvt Ltd, Indo Metal Impex Pvt Ltd, Paryas Infosolutions Pvt Ltd, Manglayatan Projects Pvt Ltd, JJ Ideal Estate Pvt. Ltd and Swati Jain, Sushila Jain and Indu Jain.

Earlier, the CBI had also registered a case of disproportionate assets against Jain. In 2018, the ED questioned the leader of the Aam Aadmi Party (AAP) in connection with the case.

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