Money Laundering Case: SC Reserves Verdict on AAP Leader Satyendar Jain’s Bail Plea

The Supreme Court on Wednesday reserved its verdict on the regular bail plea of Aam Aadmi Party (AAP) leader Satyendar Jain in a money laundering case.

A bench of Justices Bela M Trivedi and Pankaj Mithal reserved their judgment after considering the arguments presented by senior advocate Abhishek Singhvi, representing Jain, and Additional Solicitor General SV Raju, representing the Enforcement Directorate.

On December 14, 2023, the apex court had extended the interim bail granted to Jain, a former minister in the AAP government, until January 8, citing medical grounds. The initial interim bail had been granted on May 26, 2023, and had been subsequently extended on multiple occasions.

Jain approached the Supreme Court, challenging the Delhi High Court’s order dated April 6, 2023, which dismissed his regular bail application in the money laundering case. The Enforcement Directorate (ED) had arrested Jain on May 30, 2022, alleging money laundering through four companies connected to him. The arrest was based on a 2017 CBI FIR filed against him under the Prevention of Corruption Act.

Despite denying the allegations, Jain was granted regular bail by the trial court on September 6, 2019, in the case registered by the CBI. The Supreme Court’s reserved verdict will determine the fate of his regular bail plea in the ongoing money laundering proceedings.