Court told why Satyendar Jain cannot come out of jail now, important comment about AAP leader’s property

The Delhi High Court on Thursday rejected the bail plea of ​​Aam Aadmi Party (AAP) leader Satyendar Jain in a money laundering case. The High Court rejected Jain’s plea saying that he is an influential person and can tamper with the evidence.

He was arrested by the Enforcement Directorate (ED) on May 30 last year and is lodged in Tihar Jail. Jain is accused of money laundering through four companies. Justice Dinesh Kumar Sharma also rejected the bail pleas of co-accused Vaibhav Jain and Ankush Jain in the case. The High Court said that there is no illegality or any defect in the decision of the lower court rejecting the bail application.

Justice Sharma noted that Satyendar Jain had failed to fulfill two conditions placed on him for bail under the Prevention of Money Laundering Act (PMLA). The High Court noted that the Central Bureau of Investigation (CBI) has registered a Disproportionate Assets (DA) case and the matter is pending before the competent court.

The High Court said, ‘This court cannot speak on the legality of these proceedings. The facts show that some disproportionate assets were concealed. The court will have to look at the facts as prima facie. There are broad possibilities that the companies affiliated to him are controlled and managed by him (Satyendar Jain).” The High Court said that the special court’s order denying bail is not unreasonable and is fully reasoned.

The trial court’s order passed on November 17 last year was challenged by the three accused in the high court. The High Court had on March 21 reserved its order on the bail plea after hearing the arguments of the counsel for the probe agency and the AAP leader. Satyendar Jain had earlier told the court that no case was made out against him and he was cooperating in the investigation. He had also argued that there was no need to keep him in prison after the charge sheet was filed in the case.

The trial court had refused to grant bail on the basis of prima facie indications of Jain’s involvement in the crime. Besides Jain, the trial court had also rejected the bail applications of co-accused Vaibhav Jain and Ankush Jain. The court said that Jain deliberately concealed the crime and he appears prima facie guilty of money laundering.