Jain's lawyer Hariharan told the court that he has fully cooperated in the investigation.

New Delhi:

Money Laundering Case: 

Delhi's Rouse Avenue Court has reserved the verdict on the bail plea of ​​Delhi Health Minister Satyendar Jain, arrested in the money laundering case.

Now the court will pronounce its decision in this matter at 12 noon on Saturday.

On behalf of Minister Satyendar Jain, his lawyer Hariharan appeared in the court today. In fact, Kapil Sibal could not appear due to ill health.

Hariharan argued before the court enumerating the three points required for bail i.e. fear of escaping abroad, destruction or tampering of evidence and risk of influencing or intimidating witnesses. 

While making his argument, Jain's lawyer said that there is no danger of Satyendar Jain running out of the country, even as he had gone abroad during the investigation of the case and came back.

Second, much of the evidence is documentary that the agency has already gathered.

So there is no chance of tampering with them.

Third, as far as intimidation of witnesses is concerned, the investigation is going on in this case since 2018.

Earlier IT, CBI and now ED have also questioned him.

Never once did any of the witnesses say that they are influenced or intimidated.

Jain's lawyer Hariharan told the court that he was on remand for 13 days.

He has fully cooperated in the investigation.

Also read- “10 lakh people to be recruited in the next one and a half year”: PM Modi orders hiring in 'mission mode'

Satyendar Jain's lawyer Hariharan told the court that the assets of the company are not the property of the shareholders.

The attachment order records that the benami transaction involves property beyond the check period in the order of the Prohibition Act.

In the case of disproportionate assets, summons was issued after registering a case.

That summon order was challenged before the High Court and the High Court has asked the trial court to wait for the matter to be heard.

The next date of hearing on that matter is August 26.

After the registration of the ECIR, I have appeared before the ED for questioning 7 times.

Statement recorded under section 50 of PMLA.

At the time when my remand was taken, the ED had referred two trusts- Lala Sher Singh Memorial Trust.

As far as Jain is concerned, he was the president from 2008-2013.

After which he resigned.

The entries they talk about pertain to June 2018.

Those entries were transferred to Vaibhav Jain and his companies.

Apart from our surname Jain, there is no relation between Vaibhav and Satyendra Jain.

This does not mean that Satyendra Jain is related to every Jain in the country.

Argument on the bail plea on behalf of Satyendra Jain's lawyer Hariharan is over, now ED's lawyers are presenting their arguments.

Let us inform that Jain (57) was arrested on May 30 under criminal sections of the Prevention of Money Laundering Act (PMLA) and is in ED custody.

The ED had also raided the premises of Jain and his alleged associates as part of a money laundering probe.

In which Rs 2.85 crore cash and 133 gold coins were found.

VIDEO: One million jobs will be available in the next one and a half year, PM Modi issued instructions