Satyendar Jain was arrested on Might 30 final yr. (File photograph)
New Delhi:
The Delhi Excessive Courtroom 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 courtroom, whereas dismissing the Aam Aadmi Social gathering (AAP) chief’s bail plea, stated he’s an influential individual and will tamper with proof.
Satyendar Jain, who was arrested on Might 30 final yr by the company, had approached the excessive courtroom after the trial courtroom dismissed the bail petition in November final yr.
In his bail plea, Satyendar Jain acknowledged that he had cooperated with the Enforcement Directorate. The previous Delhi minister additionally acknowledged that the trial courtroom Decide and ED has gravely misinterpret and misapplied the PMLA ((Prevention of Cash Laundering Act)) by figuring out proceeds of crime solely on the premise of lodging entries. That lodging entries can not itself result in a punishable offence underneath PMLA, he had stated in his plea to the excessive courtroom.
The enforcement company has alleged that the businesses which had been “beneficially owned and managed” by Satyendar Jain had acquired lodging entries amounting to ₹ 4.81 crore from the shell firms in opposition to money transferred to Kolkata-based entry operators by 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 identify of assorted individuals from February 14, 2015, to Might 31, 2017, which he couldn’t satisfactorily account for.
