New Delhi:
The Enforcement Directorate on Thursday opposed the bail plea of former Delhi Minister Satyendar Jain and knowledgeable the Supreme Courtroom that it’s a coincidence that every time the listening to on bail takes place in court docket, Jain falls down unconscious.
On this context, Extra Solicitor Common SV Raju, showing for ED, commented and mentioned that lightning by no means strikes in the identical place twice.
Extra Solicitor Common SV Raju submitted earlier than the highest court docket and mentioned, “Each time Jain needs to be out of jail, he strikes bail on medical grounds and stays within the hospital. Each time there may be an argument on the bail within the court docket, he falls unconscious, which is an odd coincidence.”
Nonetheless, Jain’s counsel referred to as the submission baseless.
Because the listening to remained inconclusive immediately, a bench of Justice Bela M. Trivedi and Justice Pankaj Mithal listed the matter for January 17 after Jain’s counsel concluded their arguments.
In the meantime, Jain’s interim bail will stay prolonged till additional orders in a cash laundering case.
Extra Solicitor Common SV Raju, showing for ED, took the court docket by way of allegations in opposition to Satyendar Jain.
ASG SV Raju apprised the court docket in regards to the unaccounted money acquired by the businesses. ASG apprised the court docket that JP Mohta was his chartered accountant who was taking care of these corporations.
ASG mentioned the ED case is that Jain wished to transform money into white and therefore he informed Mohta to discover a technique to do it.
ASG says Jain has informed Mohta that he is aware of some Calcutta operators who’ve shell corporations that will provide you with entries in the event you give them money, possibly even cost somewhat fee and provide you with curiosity and that cash will come within the type of shares.
ASG SV Raju knowledgeable the SC that the value of those shares was inflated in order that more cash may come and fewer shares may go.
Justice Mithal wished to know the way this might assist Satyendar Jain. To which ASG SV Raju replied that it will assist Jain convert this cash into white cash.
In the meantime, the listening to on Jain’s bail witnessed many twists and turns in December 2023, as Chief Justice of India DY Chandrachud defined why the matter was listed earlier than a unique mixture of the bench as there was a matter referring to the extension of bail.
CJI additionally talked about the communication acquired from Justice AS Bopanna to take up a part of heard matter from him as a result of he won’t be able to listen to the matter because of medical causes.
Earlier, Jain’s bail plea was partly heard by a bench of Justices AS Bopanna and Bela M. Trivedi. Later, the matter was listed earlier than a bench of Justice Trivedi and Justice Satish Chandra Sharma.
Jain underwent surgical procedure on July 21. The interim bail given to Jain on medical grounds is prolonged now and again.
On Could 26, the highest court docket granted interim bail to Satyendar Jain for six weeks within the cash laundering case however imposed varied circumstances, together with refusing to speak with the media or leaving Delhi with out permission.
Satyendar Jain has moved to the highest court docket searching for bail in cash laundering instances. He has challenged the Delhi Excessive Courtroom order dismissing his bail plea within the cash laundering case in opposition to him.
On April 6, the Delhi Excessive Courtroom dismissed the bail plea of Satyendra Jain.
The HC, whereas dismissing the Satyendar Jain bail plea, said that the applicant is an influential particular person and has the potential to tamper with proof. Satyender Jain/applicant, at this stage, cannot be held to clear the dual circumstances of the Prevention of Cash Laundering Act (PMLA).
The HC had stored the order reserved for March 21 after the conclusion of the submissions made by the defence and prosecution sides after a number of hearings. Throughout arguments within the Excessive Courtroom, Extra Solicitor Common (ASG) SV Raju appeared for the Enforcement Directorate, contented that cash laundering is crystal clear in opposition to Jain and different co-accused.
In his bail plea, Jain said, “I appeared earlier than the ED on seven events. I’ve cooperated and took part within the investigation. I used to be arrested 5 years down the road in 2022.”
On November 17, 2022, the trial court docket dismissed the bail petition of Satyendar Jain. He was arrested on Could 30, 2022, below sections of the Prevention of Cash Laundering Act (PMLA) by the Enforcement Directorate and is presently in judicial custody within the case.
The ED 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 varied individuals from February 14, 2015, to Could 31, 2017, which he couldn’t satisfactorily account for.
(Aside from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
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