Satyendar Jain was arrested by Enforcement Directorate final month
New Delhi:
Delhi Well being Minister Satyendar Jain’s bail petition in a cash laundering case has been rejected by a metropolis court docket. He was arrested final month by the Enforcement Directorate over alleged hawala transactions with a Kolkata-based agency in 2015-16. A hawala system entails two events transacting cash with native brokers on their behalf with out the funds passing by way of formal banking channels.
The Central Bureau of Investigation (CBI) had filed a case towards Mr Jain and his household in August 2017 for alleged cash laundering as much as Rs 1.62 crore.
The CBI alleged Mr Jain and his household arrange 4 shell companies – firms with no actual enterprise – to launder Rs 11.78 crore in 2011-12 and Rs 4.63 crore in 2015-16.
The Enforcement Directorate began its probe into the cash laundering allegations primarily based on the CBI’s first info report, or FIR.
The arrest had spared a contemporary conflict between Arvind Kejriwal, the Chief Minister of Delhi, a Union Territory, and the central authorities, which the Aam Aadmi Occasion (AAP) and different opposition leaders like Mamata Banerjee and Telangana’s Okay Chandrashekar Rao have usually alleged used central businesses to harass them.
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