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Legal Blow for AAP's Satyendar Jain: Denied Bail Amidst Tampering Evidence Concerns

  • Posted on April 6, 2023
  • News
Legal Blow for AAP's Satyendar Jain:-

The bail plea of Aam Aadmi Party (AAP) leader Satyendar Jain was denied by the high court, citing concerns about him being an influential individual capable of tampering with evidence.

Legal Blow for AAP's Satyendar Jain
Legal Blow for AAP's Satyendar Jain

The court also noted that there were no illegalities or infirmities in the trial court's previous order denying bail to Jain last year. Satyendar Jain, who was arrested on May 30th the previous year, is accused of money laundering through four allegedly linked companies. 

After the trial court denied his bail petition in November, Jain approached the high court for relief.

"The court cannot question the validity of the ongoing proceedings. The facts suggest that certain disproportionate assets were concealed. The court must consider the prima facie case, which indicates that the companies associated with Satyendar Jain are controlled and managed by him," stated the court.

The court's detailed order is eagerly anticipated. In his plea to the high court, Satyendar Jain had previously emphasized his cooperation with the Enforcement Directorate (ED) during the investigation. 

The former Delhi minister also argued that the trial court Judge and ED had misinterpreted and misapplied the Prevention of Money Laundering Act (PMLA) by solely relying on accommodation entries to identify proceeds of crime. Jain had asserted that accommodation entries alone can't constitute a punishable offense under PMLA.

As per the allegations made by the enforcement agency, the companies that were "beneficially owned and controlled" by Satyendar Jain, a minister during the alleged offense, laundered ₹ 4.81 crores through shell companies to Kolkata-based entry operators via a hawala route.

The agency had contended that there was ample evidence to establish that Satyendar Jain was actively involved in the alleged activities. "The money laundering is evident. Their claim that Satyendar Jain had no involvement is unfounded. I must establish that Satyendar Jain was fully engaged in these activities," argued the agency's counsel in the high court.

Satyendar Jain was apprehended by the Enforcement Directorate in a money laundering case following an FIR filed against him by the Central Bureau of Investigation (CBI) in 2017. The CBI complaint alleges that Satyendar Jain had procured movable properties in the names of multiple individuals between February 14, 2015, and May 31, 2017, without being able to adequately explain their source.

Legal Blow for AAP's Satyendar Jain
Legal Blow for AAP's Satyendar Jain

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