A Special CBI court on Monday extended the judicial custody of jailed AAP minister Satyendar Jain till July 10 in a money laundering case being investigated by the Enforcement Directorate (ED) [ED v. Satyendar Jain]..Special judge Neelofer Abide Parveen extended Jain’s judicial custody after he was produced before the court through video conferencing as he was in the hospital.He will be produced again on July 11 on completion of the custody period..Jain’s bail plea was earlier dismissed by the court.The CBI had initially registered a case under Sections 13(2) (criminal misconduct by public servant) read with 13(e) (disproportionate assets) of the Prevention of Corruption Act, 1988. The case was registered on the allegation that Jain had acquired movable properties in the name of various persons between 2015 and 2017 (check period) which he could not satisfactorily account for..On April 5 this year, the ED, on the basis of its investigation into the money laundering aspect, provisionally attached immovable properties worth ₹4.81 crore belonging to M/s Akinchan Developers Pvt Ltd, M/s Indo Metal Impex Pvt Ltd, M/s Paryas Infosolutions Pvt Ltd, M/s Manglayatan Projects Pvt Ltd, M/s JJ Ideal Estate Pvt Ltd, and other persons under the Prevention of Money Laundering Act (PMLA), 2002..The enforcement agency alleged that between 2015 and 2016, when Jain was a public servant, these companies “beneficially owned and controlled by him” received accommodation entries amounting to ₹4.81 crore from shell companies against the cash transferred to Kolkata-based entry operators through a hawala route..Special prosecutors Zoheb Hossain and NK Matta represented the ED..[Breaking] Delhi court rejects bail of jailed AAP minister Satyendar Jain
A Special CBI court on Monday extended the judicial custody of jailed AAP minister Satyendar Jain till July 10 in a money laundering case being investigated by the Enforcement Directorate (ED) [ED v. Satyendar Jain]..Special judge Neelofer Abide Parveen extended Jain’s judicial custody after he was produced before the court through video conferencing as he was in the hospital.He will be produced again on July 11 on completion of the custody period..Jain’s bail plea was earlier dismissed by the court.The CBI had initially registered a case under Sections 13(2) (criminal misconduct by public servant) read with 13(e) (disproportionate assets) of the Prevention of Corruption Act, 1988. The case was registered on the allegation that Jain had acquired movable properties in the name of various persons between 2015 and 2017 (check period) which he could not satisfactorily account for..On April 5 this year, the ED, on the basis of its investigation into the money laundering aspect, provisionally attached immovable properties worth ₹4.81 crore belonging to M/s Akinchan Developers Pvt Ltd, M/s Indo Metal Impex Pvt Ltd, M/s Paryas Infosolutions Pvt Ltd, M/s Manglayatan Projects Pvt Ltd, M/s JJ Ideal Estate Pvt Ltd, and other persons under the Prevention of Money Laundering Act (PMLA), 2002..The enforcement agency alleged that between 2015 and 2016, when Jain was a public servant, these companies “beneficially owned and controlled by him” received accommodation entries amounting to ₹4.81 crore from shell companies against the cash transferred to Kolkata-based entry operators through a hawala route..Special prosecutors Zoheb Hossain and NK Matta represented the ED..[Breaking] Delhi court rejects bail of jailed AAP minister Satyendar Jain