Delhi Court Grants Bail To AAP Leader Satyendar Jain In Money Laundering Case, Says He's Incarcerated Since 18 Months

A Delhi Court on Friday granted bail to Aam Aadmi Party (AAP) leader Satyendar Jain in a money laundering case.

Special Judge Vishal Gogne of Rouse Avenue Courts granted the relief citing delay in trial and long incarceration of Jain.

“Considering the delay in trial and long incarceration of 18 months, and the fact that trail will take long to start, let alone conclude, accused is favourably suited for the relief,” the Court said.

Jain was represented by Senior Advocate N Hariharan and Advocates Vivek Jain, Mayank Jain, Parmatama Singh, Madhur Jain, Arpit Goel and Sadiq Noor.

The case, which dates back to 2022 when Satyendar Jain was arrested by ED, revolves around allegations of money laundering through four companies during 2010-12 and 2015-16.

In March, the Apex Court had observed that Satyendar Jain, along with his aides Ankush Jain and Vaibhav Jain, were prima facie guilty of the alleged offences of money laundering.

This was when the Supreme Court refused to grant bail to Satyendar Jain, highlighting the failure of the accused to fulfil the twin conditions set out in Section 45 of the Prevention of Money Laundering Act for bail.

In April last year, the Delhi High Court denied regular bail to Jain.

Title: Satyendar Jain v. ED