Delhi HC grants bail to Ankush, Vaibhav Jain in Money laundering case Involving Satyendra Jain

New Delhi [India], October 29 : The Delhi High Court on Tuesday granted bail to Ankush Jain and Vaibhav Jain, co-accused in an alleged money laundering case that also involves former Delhi cabinet minister Satyendra Jain. The court's decision follows the recent bail granted to Satyendra Jain by a Delhi court.
The bench of Justice Manoj Kumar Ohri pronounced the order and granted them bail in the matter. Ankush Jain and Vaibhav Jain were arrested by the ED on June 30, 2022, in the case.
The Enforcement Directorate (ED) arrested Satyendra Jain in May 2022 for allegedly misusing his ministerial position from February 2015 to May 2017 to acquire disproportionate assets worth Rs1.47 crore. Ankush Jain and Vaibhav Jain were arrested for allegedly aiding public servants in misrepresenting Jain's movable assets as their own.
The case involves allegations that Satyendar Jain laundered money through four companies linked to him. The Enforcement Directorate (ED) claims that Vaibhav Jain and Ankush Jain, as business associates of Jain, abetted the commission of the offense.
In 2022, the trial court took cognizance of the prosecution complaint (charge sheet) filed by the Enforcement Directorate (ED) against Satyendar Jain, his wife, and eight others, including four firms, related to the money laundering case.