Money Laundering Case: Former Delhi Minister Satyendar Jain approaches Top Court seeking Bail

Money Laundering Case: Former Delhi Minister Satyendar Jain approaches Top Court seeking Bail

Today, former Delhi minister and Aam Aadmi Party (AAP) leader Satyendar Jain moved Supreme Court today seeking bail in a money laundering case against him.

He challenged the Delhi High Court order dismissing his bail plea in the money laundering case against him.

He has been lodged in Tihar Jail since June, last year.

The Enforcement Directorate (ED) had initiated a money-laundering investigation on the basis of the First Information Report registered by the Central Bureau of Investigation (CBI) on August 24, 2017, under several sections of the Prevention of Corruption Act, 1988 against Satyendar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain.

The CBI filed a chargesheet on December 3, 2018, against Satyendar Kumar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain.

Mr Jain was arrested after the ED in April this year attached immovable properties worth ₹ 4.81 crore owned by companies named Akinchan Developers Pvt. Ltd, Indo Metal Impex Pvt Ltd, and others under the Prevention of Money Laundering Act, 2002 in connection with the disproportionate asset and money laundering case registered Mr Jain, his wife Poonam Jain, and others.
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