Delhi HC grants bail to two accused in Satyendar Jain money scam

The Delhi High Court granted regular bail to Vaibhav Jain and Ankush Jain, accused in a money laundering case involving former Delhi minister and senior AAP leader Satyendar Jain. Judge Manoj Kumar Ohri’s decision comes about ten days after Satyendar Jain was granted bail.

Satyendar Jain was initially arrested by the Enforcement Directorate (ED) in May 2022, accused of money laundering through companies allegedly linked to him. The ED has alleged that Vaibhav and Ankush Jain, as his business partners, facilitated the alleged crime by helping to project Jain’s assets as their own. The agency’s case against Satyendar Jain includes allegations of acquiring unaccounted assets between 2015 and 2017. It further alleged that companies linked to him received entries worth ₹4.81 crore from shell companies through hawala transactions.

The Supreme Court cited delay in trial and prolonged incarceration in Jain’s case as factors that led to his earlier bail. Both Vaibhav and Ankush Jain, initially arrested in 2022 and briefly released on bail due to family health issues, have now been released on regular bail.