[Breaking] Delhi Court Dismisses Bail Application Moved By Satyendra Jain In Disproportionate Asset And Money Laundering Case
Delhi's Rouse Avenue Court Special CBI Judge Geetanjali Goel today dismissed the bail application filed by Satyendra Jain in the matter related to Disproportionate Asset and Money laundering matter
Former Delhi Health Minister had applied for bail in the trial court after the court had sent him to police custody on 9th June 2022. Jain was yesterday sent to 14-day Judicial Custody in the Disproportionate Asset and Money laundering matter.
Senior Advocate N. Hariharan appearing for Satyendra Jain submitted that he justifies the triple test that has been laid down. He also submitted that the plea that the witnesses have received threats is completely specious. Hariharan also submitted that the Enforcement Directorate has not made out a case against Jain and that the ED is not able to establish any connection between the two trusts i.e. Jindal Trust and Lala Sher Singh Trust and Satyendra Jain during the cheque period. He also submitted that Satyendra Jain has sleep apnea for which he requires an attendant and a CPAP machine which requires 24-hour power backup.
It was submitted before the trial judge by the Additional Solicitor General S. V. Raju that, Satyendra Jain has not been cooperating with the investigation and has been providing false information to the Enforcement Directorate. He also submitted that Jain owned shares of companies and when he exited the companies it was a sham exit. His shares were transferred to Ankush Jain and Vaibhav Jain who are shadowing him and are his accomplices.
It was also submitted by the ASG that if bail is granted to him that may cause hindrance to the ongoing investigation. ASG had also apprised the court that the medical report says that he is fit apart from the Blood Pressure issue for which medicine has been given but Jain voluntarily does not take them.