Court: Jain prima facie guilty of laundering, no bail

'Huge loss of public funds must be taken seriously'

- Vineet Upadhyay

A city court on Thursday denied bail to Delhi minister Satyendar Jain and two other accused in a money laundering case, saying the former “has prima facie indulged in the offence of money laundering of more than Rs 1 crore” and is prima facie guilty of misconduct under sections of the Prevention of Corruption Act.

Special judge Vikas Dhull, in his order, said Jain was prima facie “actually involved in concealing the proceeds of crime by giving cash to Kolkata-based entry operators and thereafter, bringing the cash into three companies”.

The court had reserved the order on November 11 and further deferred the decision on Wednesday.