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The bail application has been moved by Aam Aadmi Party (AAP) Minister Satyendra Jain, in a money laundering case registered against him.
Additional Solicitor General (ASG) SV Raju appearing for the Enforcement Directorate (ED) on Thursday, moved an application for transfer of case before the Special CBI Court, Rouse Avenue. The bail application filed by Satyendra Jain pertains to his arrest in a Money Laundering case.
Special CBI Judge Geetanjali Goel has listed the matter for September 20, 2022, to hear the arguments of both the parties, on whether or not the application for transfer should be accepted.
On September 13, the court directed the counsel for ED to submit a fresh chart of entities and shares in the alleged Money Laundering case, wherein, Aam Aadmi Party Minister Satyendra Jain is also involved.
Earlier, ASG SV Raju appearing for ED had informed the Special CBI Court that Satyendra Jain was in de-facto control of shell companies used for alleged money laundering, and these two people (Ankush Jain and Vaibhav Jain), the directors of the company, were just dummies.
Satyendra Jain was arrested by the Enforcement Directorate in the case on May 31, 2022.
In April, ED attached assets worth Rs 4.81 crore linked to Jain and his family. ED initiated an investigation based on an FIR registered by the Central Bureau of Investigation (CBI) against Jain and others under relevant sections of the Indian Penal Code and the Prevention of Corruption Act.
It is alleged that when Jain was a public servant, companies owned and controlled by him received up to Rs 4.81 crore from shell companies through the Hawala network.
Case Title: Enforcement Directorate v. Satyendra Jain & Ors.
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