The Delhi High Court on Tuesday granted bail to Vaibhav Jain and Ankush Jain, co-accused in the money laundering case involving former AAP leader Satyendar Jain. Justice Manoj Kumar Ohri’s decision comes after the court granted bail to Satyendar Jain 10 days prior, citing concerns over the prolonged duration of the trial and his extended time in custody.
The two, identified as business associates of Jain, were implicated by the Enforcement Directorate (ED) for allegedly assisting the former Delhi minister in laundering money through four companies supposedly connected to him. Their legal representation argued successfully for their release on bail in the high-profile case.
Senior advocates Siddharth Aggarwal and Rebecca John, representing Vaibhav Jain and Ankush Jain respectively, contended that their clients were entitled to bail similar to that granted to Satyendar Jain. The High Court had previously denied their request for default bail on September 30, citing the incompleteness of the charge sheet filed against them.
The money laundering allegations stem from a Central Bureau of Investigation (CBI) FIR lodged against Satyendar Jain in 2017 under the Prevention of Corruption Act. This case was later escalated by the ED, leading to multiple arrests including that of Satyendar Jain on May 30, 2022, and his associates on June 30, 2022.
