Money Laundering Case: Delhi Minister Satyendar Jain Sent To 14 Days Judicial Custody

A Delhi Court on Monday sent Aam Aadmi Party Minister Satyendar Jain to 14 days judicial custody in connection with a money laundering case being probed by the Enforcement Directorate.

The development came after Jain's 5 days ED custody expired today, which was extended on June 9. Jain was earlier remanded to 9 days of custody.

Jain was arrested last month by the agency. The Enforcement Directorate had then sought 14 days custody of Jain in the matter. 

Jain has also moved a bail application before Special CBI Judge Geetanjali Goel in the matter which will be heard tomorrow.

In a related news, the Delhi High Court has stayed the Trial Court direction permitting Satyendar Jain's counsel to remain present during his interrogation in the matter.

The agency had attached properties worth Rs. 4.81 crore belonging to five companies and others in connection with an alleged disproportionate assets case against Jain and others.

These assets reportedly were in the name of Akinchan Developers, Indo Metalimpex, Paryas Infosolutions, Mangalayatan Projects and J.J. Ideal Estate etc.

The money laundering case is based upon an FIR registered by the CBI against the minister and other individuals in the year 2017, under the Prevention of Corruption Act, wherein it was alleged that during the period of February 2015 to May 2017, the minister had acquired assets disproportionate to his known sources of income. The CBI had then filed a chargesheet in December 2018 against Jain.

In an earlier statement, the ED had reportedly said thus:

"During the period 2015-16, when Satyendar Kumar Jain was a public servant, the above mentioned companies beneficially owned and controlled by him received accommodation entries to the tune of Rs.4.81 crore from shell companies against cash transferred to Kolkata-based entry operators through 'hawala' route," the ED had earlier said in a statement.