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On April 6, 2023, the Delhi High Court had denied bail to Jain while noting that the broad probability indicated that four concerned companies were "controlled and operated by Satyendar Kumar Jain".
Supreme Court has issued notice today in the bail plea filed by Aam Aadmi Party (AAP) Leader Satyendar Jain in a money laundering case registered by the Directorate of Enforcement (ED).
A division bench of Justices AS Bopanna and Hima Kohli was told by Senior Advocate AM Singhvi, appearing on behalf of Jain, that he is facing extreme health problems.
ASG SV Raju appeared for ED and told court that "he was on caveat".
Last month, Justice Dinesh Kumar Sharma of the Delhi High Court had “dismissed” the bail pleas filed by Jain and two co-accused Ankush Jain and Vaibhav Jain.
While denying bail to Jain, the court said that the broad probability indicated that four concerned companies were "controlled and operated by Satyendar Kumar Jain".
The constantly changing shareholding patterns of the company 'clearly indicate' that he was indirectly controlling the companies, court observed. Furthermore, the court stated that taking in the totality the facts, the petitioners at this stage could not be held to have cleared the "Twin Conditions" of PMLA or the "Tripod Test".
Notably, the single-judge bench on March 21 had ‘reserved orders’ in the instant bail pleas.
Special Judge Vikas Dhull of the Rouse Avenue Court on November 17, denied bail to Jain in the money laundering case.
The bail application filed by Satyendra Jain pertained to his arrest in a Money Laundering case in which he was arrested by the Enforcement Directorate on May 31, 2022.
In April, ED attached assets worth Rs. 4.81 crores 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 crores from shell companies through the Hawala network.
Case Title: Satyendar Kumar Jain vs. Directorate of Enforcement
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