New Delhi: A city court is likely to deliver its verdict on Friday on a plea of former Delhi minister and senior Aam Aadmi Party (AAP) leader Satyendar Jain seeking bail in a money laundering case registered by the Enforcement Directorate (ED).
Jain is accused of having laundered money through four companies allegedly linked to him and the ED arrested him in the money laundering case on May 30, 2022.
The ED case stems from a Central Bureau of Investigation (CBI) First Information Report (FIR) lodged against Jain in 2017 under the Prevention of Corruption Act.
The trial court has granted him bail in the CBI case in September 2019.
Trial court reserved its order after hearing arguments made by Jain, ED
Special Judge Rakesh Syal earlier had reserved the verdict on Jail’s plea after hearing the arguments from the counsels representing Jain and the ED.
While Jain told the court that no purpose will be served by keeping him in further custody in the case, the ED, while opposing the bail plea, said that if bail is granted to him, he may influence the witnesses or flee from justice, news agency PTI reported.
Apex court earlier rejected Jain’s regular bail plea
The Supreme Court had earlier rejected the regular bail plea filed by Jain challenging a Delhi High Court order and had directed him to surrender forthwith before the jail authorities. He was earlier granted six-week interim bail by the apex court on medical grounds and his interim bail was extended later on subsequent hearings.
Delhi High Court, trial court earlier denied Jain bail in money laundering case
Earlier, the trial court and the High Court refused to grant Jain bail in the money laundering case. The High Court, while dismissing his bail plea, said that the statements made by co-accused persons in the money laundering case suggested that he was the conceptualizer, visualizer and executor of the entire operation. It also said that he is an influential person and he can temper with the evidence if released on bail.
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