Satyendar Jain Walks Free as Delhi Court Approves Bail in ₹4.8 Crore Money Laundering Case

Bail Granted After 18 Months in Custody

18 October, New Delhi: A Delhi court has granted bail to Aam Aadmi Party (AAP) leader and former minister Satyendar Jain in connection with a ₹4.8 crore money laundering case. Jain was arrested by the Enforcement Directorate (ED) in May 2022 and had spent more than 18 months in judicial custody. Special Judge Vishal Gogne of the Rouse Avenue Court stated that the trial in the case was unlikely to start soon, leading to the decision to release Jain on a personal bond of ₹50,000.

Influence of Manish Sisodia’s Case

Judge Gogne’s decision also referred to the August 9 Supreme Court ruling, which granted bail to former Delhi Deputy Chief Minister Manish Sisodia in the alleged excise policy scam. Jain’s lawyer, Senior Advocate N Hariharan, highlighted this ruling, arguing that bail was granted in several interim PMLA (Prevention of Money Laundering Act) cases despite stringent conditions, further supporting Jain’s bail request.

Case Details and ED’s Investigation

Jain’s arrest followed an ED probe that linked him to alleged financial irregularities and disproportionate assets of ₹1.47 crore. The ED had also attached properties worth ₹4.81 crore related to four companies allegedly tied to Jain and his relatives. Despite these charges, Jain’s legal team emphasized the large volume of evidence, which includes 108 witnesses and over 5,000 pages of documents, and argued that the trial would take a significant amount of time to conclude.

Bail Conditions

As part of the bail conditions, Satyendar Jain has been instructed not to contact witnesses, influence the trial, or travel outside India. These conditions ensure that the trial can proceed without any interference from Jain.

Legal Arguments and Comparisons

Senior Advocate Hariharan drew comparisons with the excise policy case, noting that most accused, including Sisodia, were granted bail despite the higher financial stakes involved. Jain had spent more time in custody than many accused in the excise policy case, leading to further arguments for his release on bail.