The Central Bureau of Investigation court on Tuesday reserved its orders on the bail plea of Aam Aadmi Party leader Satyendar Jain who is in custody in connection with a money laundering case, ANI reported.
Jain, a minister without a portfolio in the Arvind Kejriwal government, was arrested on May 30 under sections of the Prevention of Money Laundering Act. He has been remanded to Enforcement Directorate custody till June 27.
At Tuesday’s hearing, Senior Advocate N Hariharan, appearing for Jain, submitted that there was no possibility of the AAP leader running away, tampering with the evidence or threatening witnesses, ANI reported.
He added that Jain has already appeared before the Enforcement Directorate on seven occasions and his statement has been recorded, so his custody is no longer needed. The lawyer also argued that between 2015 and 2017, Jain had resigned from the firms which have been named in the alleged wrongdoings.
The Enforcement Directorate has alleged that five firms – Akinchan Developers Private Limited, Indo Metal Impex Private Limited, Paryas Infosolutions Private Limited, Manglayatan Projects Private Limited and JJ Ideal Estate Private Limited – are shell companies controlled by Jain and his relatives.
The agency claimed that money routed through the companies was used for buying land or for repaying loans taken for…