Satyendar Jain was arrested on Might 30 final 12 months. (File picture)
New Delhi:
The Delhi Excessive Court docket 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 Celebration (AAP) chief’s bail plea, mentioned he’s an influential particular person and should tamper with proof.
Satyendar Jain, who was arrested on Might 30 final 12 months by the company, had approached the excessive courtroom after the trial courtroom dismissed the bail petition in November final 12 months.
In his bail plea, Satyendar Jain acknowledged that he had cooperated with the Enforcement Directorate on all of the events. The previous Delhi minister additionally acknowledged that the trial courtroom Choose and ED has gravely misinterpret and misapplied the PMLA by figuring out proceeds of crime solely on the idea of lodging entries. That lodging entries can not itself result in a punishable offence beneath PMLA, he had mentioned in his plea to the excessive courtroom.
The enforcement company has alleged that the businesses which have been “beneficially owned and managed” by Satyendar Jain had obtained 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 title of varied individuals from February 14, 2015, to Might 31, 2017, which he couldn’t satisfactorily account for.
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