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A local court in Delhi, after hearing arguments from both parties on the bail application of Delhi’s Health Minister Satyendar Jain, reserved its order on Tuesday for the pronouncement of order to June 18.
The Directorate of Enforcement (ED) had arrested the Delhi Minister on May 30 under the provisions of the Prevention of Money Laundering Act (PMLA).
After hearing the submission filed by the Enforcement Directorate (ED), Special Judge (PC Act) Geetanjali Goyal on Monday sent Jain to judicial custody for 14 days.
The Counsel for ED had yesterday submitted that it has conducted raids at the premises belonging to Ankush Jain, Vaibhav Jain, Naveen Jain and Siddharth Jain, Directors of Ram Prakash Jewellers Pvt Ltd, GS Matharoo, Chairman of Lala Sher Singh Jivan Vigyan Trust, which runs Prudence Group of Schools, Yogesh Kumar Jain, Director in Ram Prakash Jewellers Pvt Ltd, father-in-law of Ankush Jain and Lala Sher Singh Jivan Vigyan Trust and during search various incriminating documents and digital records were seized.
After registration of case in 2017 by the Central Bureau of Investigation (CBI) under Section 13(2) read with 13(1)(e) of the PC Act, 1988 against Jain, his wife Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain, ED had initiated probe in this case.
CBI had filed a charge sheet on December 3, 2018 against Jain, his wife Poonam Jain, and other accused by alleging that Jain, while holding the office as a Minister in the Government of Delhi, between February 14, 2015 to May 31, 2017 had acquired assets, which were disproportionate to his known sources of income.
The ED had earlier provisionally attached immovable properties worth Rs 4.81 crore belonging to the companies owned and controlled by Jain on March 31 and arrested Jain on May 30 under Section 19 of PMLA.
Jain’s Counsel submitted before the court that he was not at flight risk and in this matter, the evidence was mostly documentary, so it cannot be tampered with.
The Counsel said Jain had always co-operated with the investigating agency in this matter. He sought bail on medical grounds, saying that Jain was suffering from sleep apnea.
The Counsel representing ED opposed the bail application of Jain and said since the investigation was ongoing and the evidence may be tampered with, if Jain was granted bail at this stage.
Special Judge(PC Act) Geetanjali Goyal reserved its order for pronouncing the order on the bail application of Jain.