AAP leader Satyendar Jain granted bail in money laundering case

| Updated: 18 October, 2024 7:34 pm IST

NEW DELHI –  A Delhi court on Friday granted bail to Aam Aadmi Party (AAP) leader Satyendar Jain in connection with a money laundering case. Special Judge Vishal Gogne of the Rouse Avenue Courts delivered the decision, citing the prolonged delay in the trial and Jain’s extended incarceration of 18 months as key reasons for the relief.

 

The court stated, “Given the extended delay in trial commencement and the prolonged imprisonment of the accused, it is appropriate to grant the requested relief.”

 

Jain’s legal team, led by Senior Advocate N Hariharan and supported by Advocates Vivek Jain, Mayank Jain, Parmatama Singh, Madhur Jain, Arpit Goel, and Sadiq Noor, successfully argued for his bail.

 

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Jain was initially arrested by the Enforcement Directorate (ED) in 2022 on allegations of money laundering through four companies between 2010-12 and 2015-16. Earlier, in March, the Supreme Court had observed that Jain, along with his aides Ankush and Vaibhav Jain, appeared prima facie guilty of the offences but had refused him bail, pointing to his failure to meet the stringent conditions laid out in the Prevention of Money Laundering Act (PMLA).

 

Additionally, the Delhi High Court had previously denied regular bail to Jain in April last year.

 

This development marks a significant turn in the high-profile case, which has seen extensive legal battles and public scrutiny. The court’s decision to grant bail underscores the importance of timely trials and the rights of the accused to not be subjected to prolonged detention without the conclusion of the trial.

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