Satyendar Jain, the leader of the Aam Aadmi Party, was denied bail in a money laundering case by a Delhi court on Thursday. On November 11, the court reserved the order. The case was transferred for hearing before Special Judge Vikas Dhull after the investigation agency filed a motion to transfer the proceedings that were previously pending before Special Judge Geetanjali Goel.

In the money laundering case against Jain and others, the ED attached properties worth Rs. 4.81 crore belonging to five companies and others in April of this year. These assets allegedly belonged to Akinchan Developers, Indo Metal Impex, Paryas Infosolutions, Mangalayatan Projects, J.J. Ideal Estate, and so on. In 2017, the CBI charged Jain and others with laundering Rs 11.78 crore between 2010 and 2012 and Rs 4.63 crore between 2015 and 2016, when he was a minister in the Delhi government, through three companies: Paryas Infosolution, Indo Metalimpex, Akinchan Developers, and Mangalayatan Projects.

Through his associates, Jain allegedly gave money to some Kolkata-based entry operators of various shell companies for accommodation entries. The money was then allegedly re-routed through shares in Jain-linked companies by the entry operators after "layering them through shell companies."

According to the ED case, which is based on a CBI FIR, Jain signed conveyance deeds for the purchase of agricultural lands by Prayas Infosolutions in 2011 and 2012. According to the central agency, the land was later transferred to family members of Jain's associates, who refused knowledge of the transfers.

The order was issued by Rouse Avenue Courts Special Judge Vikas Dhull. Co-accused Ankush Jain and Vaibhav Jain were also denied bail by the court. Senior Advocates N. Hariharan and Rahul Mehra appeared for Jain, while ED was represented by ASG SV Raju and Zoheb Hossain.