Special CBI Judge Rakesh Syal issued a notice to the Enforcement Directorate (ED) and requested a response. The court is scheduled to hear the bail application on September 25, with the main case set for October 5.
New Delhi: (On Sept 19): Former Delhi Health Minister Satyendar Jain filed a new bail application in a money laundering case. He appeared before the Rouse Avenue court on Thursday after his judicial custody ended.
Special CBI Judge Rakesh Syal issued a notice to the Enforcement Directorate (ED) and requested a response. The court is scheduled to hear the bail application on September 25, with the main case set for October 5.
Advocate Vivek Jain is representing Satyendar Jain. Jain was arrested by the ED in May 2022 on charges related to money laundering.
Jain’s plea argues that the Supreme Court ruled that an accused cannot be held indefinitely while awaiting trial. His default bail plea is also pending before the Delhi High Court.
His previous bail and interim bail applications were rejected by the trial court. However, the Supreme Court granted him interim bail on health grounds.
READ ALSO: [BREAKING] Money Laundering Case| Delhi Court Rejects Satyendar Jain’s Final Bail Plea
The Enforcement Directorate (ED) arrested him on May 30, 2022. Following interrogation by the ED, he was placed in judicial custody.
Satyendar Jain in money laundering case
Jain was detained by the ED on May 30, 2022, under the Prevention of Money Laundering Act (PMLA). He has maintained his innocence and denied any wrongdoing. The Supreme Court initially granted Jain interim bail on May 26 of the previous year, and this bail has been extended continuously, primarily due to health concerns.
The prosecution alleges that the ED has initiated a case against Jain based on a CBI complaint. The allegations claim that Jain illegally acquired movable properties under various names, which he could not adequately explain, leading to the registration of an FIR following his arrest.
On December 14, the Supreme Court extended Jain’s interim bail until January 8, and subsequently, the interim bail was further extended on medical grounds. Jain, a former minister in Delhi’s AAP government, has been granted interim bail due to health issues.
The ED’s investigation revealed that during 2015-16, while Sh. Satyendar Kumar Jain was a public servant, companies he controlled received accommodation entries amounting to Rs 4.81 crore from shell companies. This money was transferred through Kolkata-based entry operators via the Hawala route. The funds were used either to directly purchase land or to repay loans taken for buying agricultural land in and around Delhi.
Recently, the ED summoned Jain for questioning, having previously questioned him in 2018. The CBI complaint stated that Jain could not account for the funds received by four companies in which he was a shareholder, leading to charges of corruption against him, his wife, and four others. The CBI has also questioned Jain in connection with this case.
According to the CBI, Rs 4.63 crore was allegedly received through Prayas Info Solutions, Akinchan Developers, Mangalayan Projects, and Indo-Metal Impex Pvt Limited during 2015-16. Jain and his wife were reportedly holders of one-third of the shares in these companies at that time. The CBI alleged that Jain controlled these companies either as a director or by holding significant shares, either personally or through family members or others.
The agency claimed these were shell companies used to park money through equity investments in collusion with Kolkata-based shell firms.
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