AAP leader Satyendar Jain granted bail in money laundering case
THE JHARKHAND STORY DESK New Delhi, Oct 18: A Delhi court on Friday granted bail to AAP leader and ex-Delhi cabinet…
Satyendar Jain/ File Photo (Image: Business Standard)
THE JHARKHAND STORY DESK
New Delhi, Oct 18: A Delhi court on Friday granted bail to AAP leader and ex-Delhi cabinet minister Satyendar Jain in a money laundering case, pointing to the delay in trial and his prolonged incarceration as reasons for the decision.
The Enforcement Directorate (ED) arrested Jain on May 30, 2022, for allegedly laundering money through four companies linked to him and he has since been in judicial custody.
However, he was on medical bail from May 2023 to March 2024.
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“Considering the delay in trial and long incarceration of 18 months, and the fact that trail will take long to start, let alone conclude, accused is favourably suited for the relief,” Special Judge Vishal Gogne stated while granting him bail.
The ED’s case arises from an FIR that the Central Bureau of Investigation filed against Jain in 2017 under the Prevention of Corruption Act.
The case was filed based on allegations that Jain obtained movable properties in the names of various individuals between 2015 and 2017, for which he could not provide a satisfactory explanation.
