New Delhi: In a major setback to the Aam Aadmi Party (AAP), the Delhi High Court on Thursday denied bail to former cabinet minister Satyendar Jain and two others in a money laundering case.
A bench consisting of Justice Dinesh Kumar Sharma rejected the bail plea of Satyender Jain, Ankush Jain and Vaibhav Jain. While dismissing the plea, the court said the applicant is an influential person and has the potential of tampering with evidence.
Satyender Jain, the applicant, at this stage, can’t be held to clear the twin conditions of Prevention of Money Laundering Act (PMLA). Earlier on March 21, the same bench had reserved its order.
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Appearing for the Enforcement Directorate (ED), Additional Solicitor General (ASG) SV Raju submitted that money laundering is crystal clear against Jain and other co-accused.
In his bail plea, Jain stated, “I appeared before ED on 7 occasions. I have cooperated and participated in the investigation. I was arrested 5 years down the line in 2022.”
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On November 17, 2022, the trial court dismissed the bail petition of Satyender Jain. Jain was arrested on May 30, 2022, under sections of the Prevention of Money Laundering Act by the Enforcement Directorate and is presently in Judicial Custody in the case.
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