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The Supreme Court docket will ship on March 18, its verdict on the bail petition of former Delhi Cupboard Minister Satyendar Jain, who was arrested final yr for his alleged involvement in a cash laundering case.
Earlier on January 17, the Bench of Justice Bela M Trivedi and Justice Pankaj Mithal had reserved its judgment on Jain’s petition difficult the April 2023 order of the Delhi Excessive Court docket, which denied him bail beneath the Prevention of Cash Laundering Act.
The Apex Court docket will even ship on Monday, its judgment on the bail petition of co-accused Ankush Jain.
ED had arrested Jain on Could 30, 2022 beneath the Prevention of Cash Laundering Act (PMLA).
As per the nationwide company, throughout the interval between 2015 and 2016, when Jain was a public servant, he owned firms ‘beneficially owned and managed by him,’ which obtained lodging entries amounting to Rs 4.81 crore from shell firms in opposition to the money transferred to Kolkata-based entry operators by means of a hawala route.
The Central Bureau of Investigation (CBI) additionally registered a case in opposition to the previous Delhi Cupboard Minister beneath Sections 13(2) (legal misconduct by public servant) learn with 13(e) (disproportionate property) of the Prevention of Corruption Act, 1988.
CBI alleged that Jain had acquired movable properties within the identify of varied individuals between 2015 and 2017, which he couldn’t satisfactorily account for.
Earlier, difficult Jain’s bail petition earlier than numerous courts, ED had alleged that expenses of cash laundering in opposition to the AAP chief within the case have been ‘crystal clear’. It had contended on February 15 that Jain was within the ‘thick of these items’.
As per the counsel for ED, particular therapy was given to the previous Minister in Tihar Jail, the place he was earlier lodged.
The nationwide company additional contended that Jail authorities in Tihar Central jail have been testimony to the truth that ED’s apprehension all through was appropriate.
It stated being a former minister of Prisons and Well being, Jain was receiving beneficial therapy from Jail officers, together with the jail docs.
The nationwide company additional raised apprehensions of Jain trying to affect witnesses, as was borne out from the video footage, the place he may very well be seen interacting with the co-accused frequently.
The Counsel added that there was a excessive chance that the applicant as soon as launched, may search to frustrate the proceedings beneath the Act.
The Counsel showing for Jain earlier than the Excessive Court docket had submitted that no case was made out in opposition to him and that there was no requirement to proceed his incarceration after the submitting of the cost sheet. He additional stated that the previous Minister had totally cooperated within the investigation.
On November 17 final yr, Particular CBI Decide Vikas Dhull at Rouse Avenue Court docket had dismissed the bail petition of Jain on the grounds that he hid the proceeds of crime.
The trial court docket had additional denied bail to co-accused Vaibhav Jain and Ankush Jain, observing that the accused consciously assisted Jain in concealing the proceeds of crime and subsequently, have been responsible beneath the PMLA.
Showing for Jain earlier than the trial court docket, Senior Advocate N. Hariharan had contended that Jain’s solely fault was that he turned a Minister and joined public life. Other than this, there was nothing within the case, which may very well be attributed to the AAP chief.
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