Delhi High Court rejects Satyendar Jain’s bail plea

A bench consisting of Justice Dinesh Kumar Sharma rejected the bail plea of Satyender Jain, Ankush Jain and Vaibhav Jain. While dismissing the plea, the court said the applicant is an influential person and has the potential of tampering with evidence.

Satyender Jain, the applicant, at this stage, can’t be held to clear the twin conditions of Prevention of Money Laundering Act (PMLA). Earlier on March 21, the same bench had reserved its order.

Appearing for the Enforcement Directorate (ED), Additional Solicitor General (ASG) SV Raju submitted that money laundering is crystal clear against Jain and other co-accused.

In his bail plea, Jain stated, “I appeared before ED on 7 occasions. I have cooperated and participated in the investigation. I was arrested 5 years down the line in 2022.”