New Delhi: The Delhi High Court on Tuesday (October 29) granted bail to Vaibhav Jain and Ankush Jain in a money laundering case in which former Delhi minister and senior Aam Aadmi Party (AAP) leader Satyendar Jain is also an accused.
Justice Manoj Kumar Ohri granted regular bail to Vaibhav Jain and Ankush Jain, who were arrested in the case on June 30, 2022.
Trial court on October 18 granted bail to Satyendar Jain in money laundering case
A trial court earlier on October 18 granted regular bail to Satyendar Jain in the money laundering case registered by the Enforcement Directorate (ED) citing delay in trial and his long incarceration of 18 months in the case.
“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 trial court had said while granting bail to Satyendar Jain, who was arrested in the money laundering case on May 30, 2022.
Vaibhav Jain, Ankush Jain abetted the commission of the offence of money laundering: ED
Satyendar Jain is accused of having laundered money through four companies allegedly linked to him and it has been alleged that Vaibhav Jain and Ankush Jain were Satyendar Jain’s business associates and abetted the commission of the offence.
ED case stems from a CBI FIR
The ED’s money laundering case stems from a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI) lodged against Satyendar Jain in 2017 under the Prevention of Corruption Act. Satyendar Jain was granted bail in the CBI case by the trial court in September 2019.
The ED had earlier filed the prosecution complaint (chargesheet) against Satyendar Jain, his wife Poonam Jain, Vaibhav Jain, Ankush Jain, Ajit Prasad Jain and Sunil Jain as well as four companies in connection with the money laundering case. The trial court had taken cognisance of the prosecution complaint in 2022.
The High Court earlier refused to grant default bail to Vaibhav Jain and Ankush Jain in the money laundering case.
