A Delhi court granted bail to Aam Aadmi Party (AAP) leader and former Delhi government minister Satyendar Jain on Friday. The Rouse Avenue Court noted that the trial in the money laundering case against Jain is not expected to conclude in the near future. Jain was arrested in May 2022 in connection with this case and has also filed a petition for bail in the Supreme Court.
Special Judge Vishal Gogne stated, “Considering the delay in trial and the lengthy incarceration of 18 months, along with the anticipated duration before the trial can start and conclude, the accused is well-suited for relief.”
The judge approved bail on a bond of Rs 50,000, requiring two sureties of the same amount.
The Enforcement Directorate (ED) initiated its investigation into Satyendar Jain based on a First Information Report (FIR) filed by the Central Bureau of Investigation (CBI) on August 24, 2017. The charges allege that between February 14, 2015, and May 31, 2017, Jain acquired movable properties under the names of various individuals without providing satisfactory explanations for these transactions. Other individuals implicated in the case include Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain, and Ankush Jain, against whom cases have also been filed.
