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Satyendar Jain was arrested on Could 30 final 12 months. (File picture)
New Delhi:
The Delhi Excessive Court docket on Thursday denied bail to jailed former AAP minister Satyendar Jain in a cash laundering case being probed by the Enforcement Directorate (ED).
The excessive court docket, whereas dismissing the Aam Aadmi Occasion (AAP) chief’s bail plea, mentioned he’s an influential particular person and will tamper with proof.
Satyendar Jain, who was arrested on Could 30 final 12 months by the company, had approached the excessive court docket after the trial court docket dismissed the bail petition in November final 12 months.
In his bail plea, Satyendar Jain said that he had cooperated with the Enforcement Directorate on all of the events. The previous Delhi minister additionally said that the trial court docket Decide and ED has gravely misinterpret and misapplied the PMLA by figuring out proceeds of crime solely on the idea of lodging entries. That lodging entries can’t itself result in a punishable offence below PMLA, he had mentioned in his plea to the excessive court docket.
The enforcement company has alleged that the businesses which had been “beneficially owned and managed” by Satyendar Jain had obtained lodging entries amounting to ₹ 4.81 crore from the shell corporations in opposition to money transferred to Kolkata-based entry operators by means of a hawala route.
The case relies on a Central Bureau of Investigation (CBI) grievance registered on the allegation that Satyendar Jain had acquired movable properties within the title of varied individuals from February 14, 2015, to Could 31, 2017, which he couldn’t satisfactorily account for.
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