Supreme Court Reserves Verdict in AAP Leader Satyendar Jain's Bail Plea Amidst Money Laundering Case
Satyendar Jain Bail Plea, New Delhi: In a significant legal development, the Supreme Court continued its hearing on the bail plea of AAP leader Satyendar Jain, who was arrested by the Enforcement Directorate (ED) in May 2022 on charges of money laundering. The court proceedings, presided over by Justices Bela M. Trivedi and Justice Pankaj Mithal, witnessed intense arguments from both sides.
AAP’S SATYENDRA JAIN BAIL PLEA-SC RESERVES JUDGEMENT #lawchakra #SupremeCourt #AAPvsBJP pic.twitter.com/mZRc3qRJKV
— Law Chakra (@LawChakra) January 17, 2024
Courtroom Drama Unfolds:
The courtroom drama unfolded as Additional Solicitor General (ASG) SV Raju, representing the ED, resumed his oral arguments. Raju highlighted the importance of concurrent findings from the trial court and high court, asserting that such findings are generally not subject to interference.
Addressing the court, Raju emphasized the defense’s claim that the money in question belonged to individuals other than Satyendar Jain. “Their entire case is that the money doesn’t belong to Satyendar Jain, but to Ankush and Vaibhav Jain,” Raju stated, guiding the court through the concurrent findings.
A contentious point arose regarding the reliability of the Memorandum of Understanding (MoU) presented as evidence. Raju argued against its credibility, stating, “MoU cannot be relied upon. Any accused can come up with a memorandum then.”
Legal Jousting Continues:
The defense, represented by Senior Advocate AM Singhvi, countered these claims. The document in question, mentioned in the ED’s chargesheet, was defended as a crucial piece of evidence.
Singhvi, emphasizing the need for a holistic view of the case, argued, “One straw doesn’t break a camel’s back. It’s the cumulative effect. Your Lordships need to take a holistic view of the case.” He further pleaded for a fair consideration of Jain’s liberty, highlighting the duration of his incarceration.
Senior Advocate N Hariharan chimed in, addressing the timing of Jain’s arrest after five years. He challenged the argument of a threat perception to witnesses, adding a layer to the complex legal tapestry.
Verdict Reserved:
The courtroom saga concluded with the Supreme Court reserving its verdict on Satyendar Jain’s bail plea. The judges pronounced, “Arguments concluded. Judgment shall be delivered either simultaneously or along with connected SLPs (by Ankush and Vaibhav Jain) in which parties are still to be heard. List this matter for arguments on Wednesday, January 24.”
As the legal battle unfolds, the fate of Satyendar Jain hangs in the balance, awaiting the court’s final decision on his plea for liberty amidst the money laundering allegations.
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