Delhi Health Minister Satyendar Jain’s bail plea in the money laundering case has been rejected by the Delhi court. The Enforcement Directorate has opposed the bail plea stating that Jain was evasive and non-cooperative during the investigation. The ED arrested him last month over alleged hawala transactions with a Kolkata-based firm in 2015-16. A hawala system involves two parties transacting money with local agents on their behalf without the funds passing through formal banking channels.
Satyendar Jain is accused of laundering money through at least four firms that are said to be connected to him and was detained by the ED on May 30 in connection with an Enforcement Case Information Report (ECIR) filed by it on the basis of a case lodged by the CBI in August 2017 under the Prevention of Corruption Act. The AAP minister on June 13, after completing his ED custody, was transferred to judicial custody. In August 2017, the Central Bureau of Investigation (CBI) filed a complaint against Jain and his family, alleging money laundering of up to Rs. 1.62 crore. Jain and his family are accused of laundering Rs 11.78 crore in 2011-12 and Rs 4.63 crore in 2015-16 through four shell companies, the CBI alleged.
Source: Economic Times
