A particular CBI court docket on Saturday rejected the bail plea of Delhi Minister Satyendar Jain in reference to a cash laundering case. This growth comes a day after the Enforcement Directorate (ED) carried out raids on at the least ten areas within the Delhi-NCR areas linked to Jain and his associates. The senior AAP chief was arrested on May 30 below the prison sections of the Prevention of Money Laundering Act (PMLA) after the ED claimed that he was being evasive in his replies on the time of questioning.
Last week, the central company had seized Rs 2 crore of “unexplained” money and 133 gold cash, weighing 1.8 kg on conducting related raids throughout properties owned by Jain. Last month, the ED hooked up Rs 4.81 crore price firm and household belongings “beneficially owned and controlled” by Jain within the “hawala transactions” case with a Kolkata-based agency, that dates again to 2015-16. “These amounts were utilised for direct purchase of land or for repayment of loan taken for the purchase of agricultural land in and around Delhi,” the ED mentioned.
In 2017, the CBI had lodged an FIR in opposition to Jain below expenses of disproportionate belongings. The CBI, in its chargesheet, acknowledged that Jain’s precise belongings surpassed by Rs 1.47 crore, a 217 per cent improve, compared to the precise sources of revenue that was disclosed.
Delhi Chief Minister Arvind Kejriwal has mentioned that Satyendar Jain’s arrest was fully ‘fake’ and known as it an act of political vendetta. “It’s a false case against Satyendar Jain. We are hard-core patriots, can get beheaded but can never betray the country…I myself saw his papers, the allegations against him are false. He has been arrested in view of politics,” Kejriwal mentioned at a press convention.
Source: www.financialexpress.com”