CBI court extends judicial custody of Satyendar Jain in money-laundering case

A special CBI court on Monday extended the judicial custody of Delhi health minister Satyendar Jain for the next 14 days in a moneylaundering case Jain was produced from the hospital through video conference VC His counsel also joined proceedings through VCVacation Judge Neelofar Abida Perveen extended the judicial custody of Satyender Jain after hearing the submission of Enforcement Directorate ED Court directed that the accused will be produced on 11 JulyEarlier in the day the accused was not produced in the court The court had asked why he is not produced Judicial custody cant be extended without the accused being producedThe investigation officer had informed the court that the accused was in judicial custody and was hospitalised Thereafter the court has asked to produce through VCAdvocate Zohaib Husain and NK Matta for ED argued that the accused should be remanded further judicial custody as the investigation is still onThey argued that during the searches on two occasions on June 8 and 17 at different premises several incriminating pieces of evidence were recovered The evidence was being analysed and to be confronted with the people connected with the offence of moneylaundering We are in the process of filing of ED complaint charge sheet they saidEDs counsel also argued that Jains bail has been rejected by the court He referred to the order rejecting bail applicationThe Court on June 18 had dismissed the bail plea of Satyendar Jain in moneylaundering case noting the seriousness of the allegation and investigation of the case is still going on The Court also observed that it cannot be ruled out that the accused can influence the witnessesSatyendar Jain was arrested on May 30 2022 by Enforcement Directorate ED He was sent in judicial custody on 13 June 2022 after ED interrogationSpecial CBI Judge Geetanjali Goel of Rouse Avenue Court while dismissing the bail application had said Considering the facts and circumstances of the case and the nature of allegation against the accused and that the application for bail does not pass muster even on the triple test for grant of bail at this stage the application is dismissed being without meritsED had registered the ECIR on 30 August 2017 on the basis of a case registered by the CBI on 24 August 2017 under Sections of Prevention of Corruption Act and Indian Penal Code against Satyendar Jain his wife and 4 other accused personsCBI had alleged that the accused while posted as Minister in Delhi government during the period 14 February 2015 to 31 May 2017 acquired assets to the tune of Rs 16250294 in his name and in the names of his family members which were disproportionate to his known source of income It was further alleged the accuseds wife and other accused persons who were his business associates had abetted the above offenceIt was also alleged that the accused had active control over three companies namely Ms Akinchan Developers Pvt Ltd Ms Paryas Infosolutions Pvt Ltd and Ms Manglaytan Projects Pvt Ltd and the said three companies received accommodation entries from Kolkatabased shell companies It was alleged that though the accused resigned as Director in the companies in 2013 still he maintained active control on the said companiesIt was further alleged that during the check period February 2015 to May 2017 an amount of Rs 461 crores was received from shell companies and 13 of the same belonged to the accused and hence a disproportionate asset DA of Rs 14760497 was alleged ANI