Order reserved on Satyendar Jain’s bail plea in cash laundering case

The Central Bureau of Investigation court docket on Tuesday reserved its orders on the bail plea of Aam Aadmi Party chief Satyendar Jain who’s in custody in reference to a cash laundering case, ANI reported.

Jain, a minister and not using a portfolio within the Arvind Kejriwal authorities, was arrested on May 30 beneath sections of the Prevention of Money Laundering Act. He has been remanded to Enforcement Directorate custody until June 27.

At Tuesday’s listening to, Senior Advocate N Hariharan, showing for Jain, submitted that there was no risk of the AAP chief working away, tampering with the proof or threatening witnesses, ANI reported.

He added that Jain has already appeared earlier than the Enforcement Directorate on seven events and his assertion has been recorded, so his custody is not wanted. The lawyer additionally argued that between 2015 and 2017, Jain had resigned from the corporations which have been named within the alleged wrongdoings.

The Enforcement Directorate has alleged that 5 corporations – Akinchan Developers Private Limited, Indo Metal Impex Private Limited, Paryas Infosolutions Private Limited, Manglayatan Projects Private Limited and JJ Ideal Estate Private Limited – are shell firms managed by Jain and his family members.

The company claimed that cash routed by the businesses was used for purchasing land or for repaying loans taken for purchasing agricultural land in and round Delhi.

In April, the Enforcement Directorate had connected immovable property price Rs 4.81 crore allegedly belonging to firms linked to Jain and his family members.

On Tuesday, Additional Solicitor General SV Raju opposed Jain’s bail, noting that the AAP chief is influential and will tamper with witnesses throughout the investigation, ANI reported.

He alleged that the minister has not cooperated within the investigation and has given evasive solutions throughout the interrogation.

“When confronted with documents, he said he doesn’t remember as his memory has been affected post Covid-19,” Raju stated, based on ANI.

Special Judge Geetanjli Goel then reserved orders, and can doubtless pronounce the decision on June 18.

On May 31, Delhi Chief Minister Arvind Kejriwal had stated that the allegations in opposition to Jain are false and that the case was politically motivated. On June 2, the Delhi chief minister had claimed that his deputy Manish Sisodia will quickly be the following minister to be arrested after Jain.

On June 7, the Enforcement Directorate had stated it has seized Rs 2.85 crore in money and gold weighing 1.8 kilograms a day after conducting searches on the premises of Jain and his aides in Delhi in reference to the money-laundering case.

Sisodia, nonetheless, had claimed that solely Rs 2.79 lakh was present in Jain’s residence. Citing a seizure memo, he tweeted that the quantity was not seized because it was discovered to be authorized.

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