• About
  • Grievance Redressal cell
  • Advertise
  • Privacy & Policy
  • Contact
  • Our team
  • Survey
Monday, February 6, 2023
  • Login
  • Home
  • Insider Exclusive
    ‘I will head party till elections to be held on  5’: Dr. Farooq Abdullah

    ‘I will head party till elections to be held on 5’: Dr. Farooq Abdullah

    ‘My source of inspiration is Atal Bihari Vajpayee

    ‘My source of inspiration is Atal Bihari Vajpayee

    BJP to form next Govt in J&K of its own: Raina     

    BJP to form next Govt in J&K of its own: Raina     

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Veteran leader Ghulam Nabi Azad resigns from Congress party.

    Veteran leader Ghulam Nabi Azad resigns from Congress party.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Jammu and Kashmir
  • Entertainment
    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

    Pathaan Sets A Record Even Before Release: Shah Rukh Khan’s Film To Open In Over 100 Countries

    Pathaan Sets A Record Even Before Release: Shah Rukh Khan’s Film To Open In Over 100 Countries

    “The Way I Dress…”: Uorfi Javed Struggles To Find Rented Apartment In Mumbai

    “The Way I Dress…”: Uorfi Javed Struggles To Find Rented Apartment In Mumbai

    Frustrated Over Repeated Shows Of ‘Sooryavansham’, Man Writes To Channel

    Frustrated Over Repeated Shows Of ‘Sooryavansham’, Man Writes To Channel

  • Articles
    Prophet Muhammad (SAW), His Life & Teachings

    Prophet Muhammad (SAW), His Life & Teachings

    Crime against women unacceptable: Dr. Navneet Kaur.

    Crime against women unacceptable: Dr. Navneet Kaur.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

  • National
  • Our team
No Result
View All Result
  • Home
  • Insider Exclusive
    ‘I will head party till elections to be held on  5’: Dr. Farooq Abdullah

    ‘I will head party till elections to be held on 5’: Dr. Farooq Abdullah

    ‘My source of inspiration is Atal Bihari Vajpayee

    ‘My source of inspiration is Atal Bihari Vajpayee

    BJP to form next Govt in J&K of its own: Raina     

    BJP to form next Govt in J&K of its own: Raina     

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Veteran leader Ghulam Nabi Azad resigns from Congress party.

    Veteran leader Ghulam Nabi Azad resigns from Congress party.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Jammu and Kashmir
  • Entertainment
    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

    Pathaan Sets A Record Even Before Release: Shah Rukh Khan’s Film To Open In Over 100 Countries

    Pathaan Sets A Record Even Before Release: Shah Rukh Khan’s Film To Open In Over 100 Countries

    “The Way I Dress…”: Uorfi Javed Struggles To Find Rented Apartment In Mumbai

    “The Way I Dress…”: Uorfi Javed Struggles To Find Rented Apartment In Mumbai

    Frustrated Over Repeated Shows Of ‘Sooryavansham’, Man Writes To Channel

    Frustrated Over Repeated Shows Of ‘Sooryavansham’, Man Writes To Channel

  • Articles
    Prophet Muhammad (SAW), His Life & Teachings

    Prophet Muhammad (SAW), His Life & Teachings

    Crime against women unacceptable: Dr. Navneet Kaur.

    Crime against women unacceptable: Dr. Navneet Kaur.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

  • National
  • Our team
No Result
View All Result
No Result
View All Result
Home National

Delhi HC notice to ED on Satyendar Jain’s bail plea

After noting down the submissions, Justice Dinesh Kumar Sharma on Thursday sought response of the Enforcement Directorate within two weeks and fixed the matter for December 20, 2022

News Insider's Desk by News Insider's Desk
December 1, 2022
in National
Reading Time: 2 mins read
A A
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The Delhi High Court on Thursday issued notice to Enforcement Directorate (ED) on Delhi’s jailed Minister Satyendar Jain, in a money laundering case.

“I appeared before ED on 7 occasions. I have cooperated and participated in the investigation. I was arrested 5 years down the line in 2022”, submitted Sr Advocate N Hariharan while appearing for Satyendar Jain.

After noting down the submissions, Justice Dinesh Kumar Sharma on Thursday sought response of the Enforcement Directorate within two weeks and fixed the matter for December 20, 2022.

On November 17, 2022 the trial court had dismissed the bail petition of Satyendar Jain. Jain was arrested on May 30, 2022 under sections of the Prevention of Money Laundering Act by the Enforcement Directorate and is presently in Judicial Custody in the case.

In his bail in Delhi High Court, Jain stated that the trial court Judge and ED have gravely misread and misapplied the PMLA by identifying proceeds of crime solely on the basis of accommodation entries. That accommodation entries cannot itself lead to a punishable offence under PMLA.

The Rouse Avenue Court recently, while dismissing the bail petition said that the accused Satyendar Kumar Jain had knowingly done such activity to obliterate the tracing of the source of ill-gotten money and accordingly, the proceeds of crime were layered through Kolkata-based entry operators in a way that its source was difficult to decipher.

Hence, applicant/accused Satyendar Kumar Jain has prima facie indulged in the offence of money laundering of more than Rs.1 Crore. Further, the offence of money laundering is a serious economic offence and the view of the Supreme Court of India with regard to economic offences is that they constitute a class apart and need to be visited with a different approach in the matter of bail, said the Court.

Hence, the accused Satyendar Kumar Jain is not entitled to the benefit of bail giving regard to the twin conditions provided in Section 45 of the PMLA. Application of accused Satyendar Kumar Jain is dismissed, said by the Trial Court Judge Vikas Dhull.

The enforcement agency has alleged that the companies which were “beneficially owned and controlled” by Jain had received accommodation entries amounting to Rs 4.81 crore from the shell companies against cash transferred to Kolkata-based entry operators through a hawala route.

The ED case is based on a Central Bureau of Investigation (CBI) complaint registered on the allegation that Satyendar Jain had acquired movable properties in the name of various persons from February 14, 2015, to May 31, 2017, which he could not satisfactorily account for.

News Insider's Desk
Previous Post

Uttar Pradesh: Jamadar uses Paytm to receive tips in Allahabad High Court premises; suspended

Next Post

JKSSB recruitment scam: CBI raids 14 locations in J&K

News Insider's Desk

News Insider's Desk

Next Post
JKSSB recruitment scam: CBI raids 14 locations in J&K

JKSSB recruitment scam: CBI raids 14 locations in J&K

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Demolition of Shopping Complex in Anantnag: Div Com Kashmir appointed as inquiry officer

July 12, 2022
IAS officer shares his class 10 marksheet on students’ demand, it goes viral.

IAS officer shares his class 10 marksheet on students’ demand, it goes viral.

July 24, 2022
Batal cloud burst: 10 Yatris die, over 40 missing

Amarnath Cloudburst: DHSK cancels leaves of all staff

July 9, 2022

J&K Schools, Colleges, Hospitals to be named after those who laid lives for country’s integrity: LG Manoj Sinha

July 12, 2022

The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

0

Shadow Tactics: Blades of the Shogun Review

0

macOS Sierra review: Mac users get a modest update this year

0

Hands on: Samsung Galaxy A5 2017 review

0
Massive 7.8 magnitude earthquake strikes Turkey and Syria, over 90 feared dead

Massive 7.8 magnitude earthquake strikes Turkey and Syria, over 90 feared dead

February 6, 2023
Azad attends Maha Vishnu Yagya, pays tributes to Martyrs

Azad attends Maha Vishnu Yagya, pays tributes to Martyrs

February 5, 2023
Former Pakistan President Pervez Musharraf Dies at 79

Former Pakistan President Pervez Musharraf Dies at 79

February 5, 2023
Ex-cricketer Vinod Kambli booked for assaulting wife

Ex-cricketer Vinod Kambli booked for assaulting wife

February 5, 2023

Recent News

Massive 7.8 magnitude earthquake strikes Turkey and Syria, over 90 feared dead

Massive 7.8 magnitude earthquake strikes Turkey and Syria, over 90 feared dead

February 6, 2023
Azad attends Maha Vishnu Yagya, pays tributes to Martyrs

Azad attends Maha Vishnu Yagya, pays tributes to Martyrs

February 5, 2023
Former Pakistan President Pervez Musharraf Dies at 79

Former Pakistan President Pervez Musharraf Dies at 79

February 5, 2023
Ex-cricketer Vinod Kambli booked for assaulting wife

Ex-cricketer Vinod Kambli booked for assaulting wife

February 5, 2023
News Insider

News Insider is news, current affairs and media analysis organization. We value independence and transparency and believe the two are integral to democracy and a healthy society. The same applies for news media, which is often referred to as the fourth pillar of democracy.

Follow Us

Categories

Recent News

Massive 7.8 magnitude earthquake strikes Turkey and Syria, over 90 feared dead

Massive 7.8 magnitude earthquake strikes Turkey and Syria, over 90 feared dead

February 6, 2023
Azad attends Maha Vishnu Yagya, pays tributes to Martyrs

Azad attends Maha Vishnu Yagya, pays tributes to Martyrs

February 5, 2023
  • About
  • Grievance Redressal cell
  • Advertise
  • Privacy & Policy
  • Contact
  • Our team
  • Survey

News Insider 24x7 © 2022. All Rights reserved

No Result
View All Result
  • Home
  • Insider Exclusive
  • Jammu and Kashmir
  • Articles
  • National
  • Our Team

News Insider 24x7 © 2022. All Rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In