Money laundering case: SC rejects bail plea of Satyendar Jain, asks to surrender forthwith

Money laundering case: The Supreme Court on Monday rejected the bail plea of former Delhi Minister Satyendar Jain in the money laundering case, asking him to surrender forthwith.

A bench of Justice Bela M Trivedi and Justice Pankaj Mithal dismissed the appeal filed by Jain.
The court also rejected the bail plea of the other two co-accused Ankush and Vaibhav Jain.

Notably, on May 26, Satyendar Jain was granted interim bail for six weeks on medical grounds and later it was extended from time to time.

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The Senior Advocate urged the top court to grant bail to Jain saying that he is not a flight risk and threat to witness. The senior advocate also said that this is a matter of life and liberty for Jain.

The Enforcement Directorate has opposed the bail plea of former Delhi Minister Satyendar Jain and had submitted before the top court that whenever he wants to be out of jail he moves bail on medical grounds and, stays in hospital. Whenever there is an argument on the bail in the court, he falls down, which is a strange coincidence. However, Jain's counsel called the submission baseless.

Meanwhile, the hearing on Jain's bail witnessed many twists and turns in December 2023, as Chief Justice of India DY Chandrachud explained why the matter was listed before a different combination of bench as there was a matter relating to the extension of bail.

Jain underwent surgery on July 21 last year. The interim bail given to Jain on medical grounds was extended from time to time.

Satyendar Jain has moved to the top court seeking bail in money laundering cases. He has challenged the Delhi High Court order dismissing his bail plea in the money laundering case against him.

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The ED case is based on a Central Bureau of Investigation (CBI) complaint registered on the allegation that Satyendar Jain had acquired movable properties in the name of various persons from February 14, 2015, to May 31, 2017, which he could not satisfactorily account for. 

(With inputs from ANI)