The Supreme Court has rejected the bail applications of Aam Aadmi Party leader and ex-Delhi Minister Satyendar Jain, and the co-accused Ankush Jain, on Monday, March 18. Both are implicated in a money laundering case.
This decision comes after Justices Bela M Trivedi and Pankaj Mithal concluded hearings on Jain’s special leave petition in January, challenging the April 2023 Delhi High Court ruling.
Jain, previously arrested by the Enforcement Directorate (ED) in May 2022 for alleged money laundering activities linked to four companies, had been granted interim bail on medical grounds in May 2023 after spending a year in detention. The upcoming verdict will address the ongoing extensions of this bail.
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Accusations against Jain involve the laundering of funds through three companies between 2010-12 and 2015-16, and manipulation of funds through Kolkata-based shell companies. The ED asserts Jain’s indirect control over the involved entities through his family.
The case, spotlighting Jain’s alleged financial misconduct during his tenure as Delhi’s Health Minister, has seen representation by Senior Advocate Abhishek Manu Singhvi for Jain, and Additional Solicitor General SV Raju for the ED. The arrest was predicated on a CBI FIR under the Prevention of Corruption Act filed in 2017.
