India

Court Reserves Decision On Satyendra Jain’s Bail Plea In Money Laundering Case

Special Judge Rakesh Syal of the Rouse Avenue Court has reserved the decision on the bail plea filed by former Delhi Health Minister Satyendra Jain. He is currently lodged in Tihar Jail in connection with a money laundering case. The Enforcement Directorate (ED) has opposed Jain’s bail plea and requested its dismissal.

Jain recently sought default bail from the Delhi High Court, which is set to hear the matter on October 9. His lawyer argued that the ED’s investigation is incomplete. He claimed the trial court took cognizance of the charge sheet based on insufficient material, which he argued is not valid under the law.

Background on Jain’s Arrest

The ED arrested Satyendra Jain in May 2022. He received interim bail on health grounds in May last year and remained on bail for ten months. However, the Supreme Court rejected his regular bail plea and ordered him to surrender. Following this order, Jain surrendered to Tihar Jail on March 18.

On July 27, 2022, the ED named Jain and six others, including his wife Poonam Jain, in a charge sheet. The accused also include four companies tied to the case. The CBI has filed a case against Jain for disproportionate assets acquired between 2015 and 2017.

Ongoing Legal Challenges

The legal proceedings against Jain continue to unfold as he faces serious charges. The upcoming hearing on his default bail plea will further determine his legal options as the case progresses.

Also Read: Dying Declarations Must Be Verified for Conviction: Allahabad High Court

Gopal Krishna

Recent Posts

India’s Agricultural Exports Surge 11% In FY25; Rice And Bananas Lead Growth

India’s agricultural and processed food exports have seen a strong 11% growth, reaching $17.77 billion…

10 mins ago

Govt Takes Action To Boost Pulses Production, Extends Free Import Of Tur Dal

The Centre is ramping up efforts to procure pulses, including tur, urad, and lentils, from…

1 hour ago

Govt Disburses ₹1,596 Crore Under PLI Schemes For Six Sectors

The government has released ₹1,596 crore under its Production-Linked Incentive (PLI) schemes for six sectors…

2 hours ago

Deloitte Revises India’s GDP Growth Forecast To 6.5-6.8% For 2024-25

Deloitte India has revised its 2024-25 GDP growth projection to 6.5-6.8%, citing global trade and…

2 hours ago

India Launches New Diamond Imprest Authorization Scheme To Boost Sector

In a bid to bolster India's position as a global leader in the diamond trade,…

2 hours ago

Direct Selling Industry In Northeast India Sees Significant Growth, Led By Assam

The direct selling industry in Northeast India grew to Rs 1,854 crore in 2022-23, up…

2 hours ago