Jain was arrested by the Enforcement Directorate (ED) on May 30, 2022, accused of laundering money through four companies allegedly connected to him.
Special Judge Vishal Gogne stated, "Considering the delay in trial and the long incarceration of 18 months, and the fact that the trial will take long to start, let alone conclude, the accused is favorably suited for the relief." Jain was released on a bail bond of 50,000, accompanied by two sureties of the same amount.
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