Delhi's Rouse Avenue Court granted bail to former Delhi minister and Aam Aadmi Party ( AAP ) leader Satyendar Jain on Friday in connection with the money laundering case against him citing "delay in trial" and his "long incarceration."
Jain had been in judicial custody for 18 months since his arrest by the Enforcement Directorate (ED) on May 30, 2022. The charges involve laundering money through four companies allegedly linked to him.
Special Judge Vishal Gogne, in his ruling, noted that the trial had yet to begin and could take a long time to conclude, making Jain eligible for bail. "Considering the delay in trial and long incarceration of 18 months, and the fact that the trial will take long to start, let alone conclude, accused is favourably suited for the relief," the judge said.
The court granted bail to Jain on a bond of Rs 50,000, along with two sureties of the same amount.
The case originates from a 2017 FIR filed by the Central Bureau of Investigation (CBI) under the Prevention of Corruption Act, with the ED investigating the money laundering charges. Despite the bail, Jain's legal challenges are far from over as the trial is yet to proceed.
Jain had been in judicial custody for 18 months since his arrest by the Enforcement Directorate (ED) on May 30, 2022. The charges involve laundering money through four companies allegedly linked to him.
Special Judge Vishal Gogne, in his ruling, noted that the trial had yet to begin and could take a long time to conclude, making Jain eligible for bail. "Considering the delay in trial and long incarceration of 18 months, and the fact that the trial will take long to start, let alone conclude, accused is favourably suited for the relief," the judge said.
#WATCH | Delhi's Rouse Avenue court allows the bail plea of former Delhi Minister Satyendar Jain in the money laundering case.
— ANI (@ANI) October 18, 2024
He was arrested in May 2022 in this case.
(Earlier visuals from court) pic.twitter.com/PaU6u7628v
The court granted bail to Jain on a bond of Rs 50,000, along with two sureties of the same amount.
The case originates from a 2017 FIR filed by the Central Bureau of Investigation (CBI) under the Prevention of Corruption Act, with the ED investigating the money laundering charges. Despite the bail, Jain's legal challenges are far from over as the trial is yet to proceed.
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