Breaking News-Satyendra Jain gets bail in money laundering case, will not be able to go out of the country

Satyendra Jain Gets Bail: Rouse Avenue Court on Friday, while giving its verdict on the bail plea of ​​former Delhi Minister Satyendra Jain in the Money Laundering Case, granted him conditional bail on a bond of Rs 50,000. Gave. The court has banned him from leaving the country. Jain was arrested by the ED on May 30, 2022, on charges of money laundering through four companies allegedly linked to him.

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Earlier during the hearing, Special Judge Rakesh Syal had reserved the order after hearing the arguments on the application from the accused and the ED. Jain's lawyer had told the court that no purpose would be served by keeping him in further custody. The ED had opposed the application saying that if Jain was released, he could influence the witnesses. The ED case stems from an FIR lodged against Jain by the Central Bureau of Investigation (CBI) in 2017 under the Prevention of Corruption Act.

Satyendra's wife is also an accused

Jain is accused of creating fake companies in 2009-10 and 2010-11. These companies include Akinchan Developers Private Limited, Indo Metal Impex Private Limited, Prayas Info Solutions Private Limited, Mangalayatan Projects Private Limited. Apart from Satyendra Jain, the accused in this case by ED include his wife Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain, Ankush Jain, M/s Akinchan Developers Pvt. Ltd., M/s Prayas Info Solutions Pvt. Ltd., Mangalayatan Projects Pvt. Ltd. And JJ Ideal Estate Private Limited have been made accused. ED had arrested Satyendra Jain on 30 May 2022.

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