SC rejects Satyendar Jain's bail plea in Money-Laundering case

SC rejects Satyendar Jain's bail plea in Money-Laundering case

The Supreme Court has dismissed the bail plea of former Delhi Health Minister Satyendar Jain in a money-laundering case being investigated by the Enforcement Directorate (ED). 

The decision came on Monday, following a hearing by the bench comprising Justices Bela M Trivedi and Pankaj Mithal. The court has also directed Jain, who was previously out on interim bail, to surrender immediately.

Jain had been granted interim bail on May 26, 2023, citing health concerns. Since then, he has been undergoing medical treatment. However, the Supreme Court's decision signifies a turning point in the legal proceedings against him. Notably, the bail pleas of Ankush Jain and Vaibhav Jain, who are co-accused in the case, were also rejected by the court.

This verdict comes after a prolonged legal battle that saw submissions from both the Enforcement Directorate, represented by Additional Solicitor General SV Raju, and Jain's counsel, Senior Advocate Abhishek Manu Singhvi. The Supreme Court had reserved its order on Jain's bail plea in January, after hearing arguments from both sides.

Satyendar Jain's legal troubles began when he was arrested by the ED on May 30, 2022, on allegations of money laundering through shell companies and the purchase of land using illegal funds. His arrest followed the attachment of assets worth Rs 4.81 crore, linked to him and his family, by the probe agency in a case related to disproportionate assets.

 

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