Special Judge Vikas Dhull of #Delhi's Special CBI Court, Rouse Avenue will today continue hearing submissions of Adv. Sushil Gupta appearing for #AnkushJain & #VaibhavJain, in @AamAadmiParty Minister #SatyendraJain bail plea in #moneylaunderingcase.
#PMLA #Bail #plea
#PMLA #Bail #plea
The court has assembled. Adv. Sushil Gupta begins making his submissions before Spl. Judge Vikas Dhull.
#PMLA #satyendrajain #bail #plea
#PMLA #satyendrajain #bail #plea
Gupta mentions Lala Sher Singh Charitable trust in which certain cash transactions were made. He states that #ED has made this a "proceeds of crime". He also states that there has been "unfair investigation" by @dir_ed.
Gupta reads relevant statement of #VaibhavJain from Feb 2018 related to details of bank account of his and his family. He states that for duration of 8yrs #ED has recieved bank details.
Gupta argues that in #VaibhavJain bail application he has filed that Vaibhav had given loans of 1 crore to Lala Sher Singh Charitable trust as HUF, and at that time #satyendrajain was nothing before us, his importance came only after he became a Minister.
Gupta states that the #ED is relying on GS Makharu's statements, he reads his statements.
He argues that just because Cash transaction happened, @dir_ed completely ignored that 1crore loan amt was also given.
He argues that just because Cash transaction happened, @dir_ed completely ignored that 1crore loan amt was also given.
Gupta reading statements of Devendra Gupta, on how he was associated with #satyendrajain, where he stated he knew him as an Architect & after 2013 he was not in touch with him.
Court- Why haven't they(ED) included other account deposits?
Court- Why haven't they(ED) included other account deposits?
Gupta: Sir! Due to close proximity they've taken only what they felt like. I can't say anything.
Gupta argues that all the decisions taken for the company are done by me (Ankush & Vaibhav Jain) only, #satyendrajain was no where involved.
Gupta states that 'Accomodation Entry' cannot be 'proceeds of crime', if i have given loan, the same has been credited back to me with interest.
"All transactions are bank transactions", Gupta argues.
The court is adjourned, the matter will be taken up post-lunch at 2:30pm.
The court has assembled post-lunch. Adv. Sushil Gupta continues making his submissions for #AnkushJain & #VaibhavJain.
Gupta reading relevant portions of Retraction Application filed by #VaibhavJain on 17th June 2022. He argues that the statement made by him was forced, untruthful & not even recorded under CCTV and that it should be discarded.
He argues that #ED has not mentioned anything about the Retraction Application. Gupta reads relevant portions of the reply filed on the application by ED.
He argues that it took 2 months for the ED to reply to #VaibhavJain's retraction application.
He also alleges that Vaibhav was never confronted with #satyendrajain during investigation, as #ED feared the same would come under CCTV recordings & their entire case against me would go down.
He argues that the #ED summoned Vaibhav 3-4 times, but #VaibhavJain was not confronted with #satyendrajain even once. He further argues, their was no camera in the interrogation room.
Gupta mentions three essential conditions u/S.3 of PMLA that criminal activity in the scheduled offence is committed, the property in question has been derived or obtained with a criminal activity& knowingly directly or indirectly assists in activity connected to criminal act.
Gupta argues that the ED has, had a bias from the very start, he states that this is a "Theory of Confirmation Bias". He states that they should be Fair, is all we are expecting.
He argues that i am a businessman doing my business independently, just because at some point of time, #satyendrajain was associated to me, i have been dragged into this case.
He argues that the #ED first needs to show the "proceeds of crime" to establish a case under PMLA.
He argues that the #ED first needs to show the "proceeds of crime" to establish a case under PMLA.
Gupta further argues that it is in #ED's mind that the IDS filed by me was for #satyendrajain, but i have shown that it was filed by me, for me only.
Gupta argues that #ED has made an mockery of the whole case, they say that #CBI case is an antecedent to this case, with this the Adv. Sushil Gupta concludes his arguments on behalf of #AnkushJain & #VaibhavJain.
The court is adjourned and listed for Oct 31, 2022 at 11am.
[Satyendra Jain Bail Hearing in #PMLA case]
Adv. Sushil Gupta concludes arguments for co-accused before the Spl. Judge Vikas Dhull in Delhi's Rouse Avenue Court.
Arguments on Bail by #AAP Minister @SatyendarJain's counsel will be heard post-#Diwali on October 31 at 11 am.
Adv. Sushil Gupta concludes arguments for co-accused before the Spl. Judge Vikas Dhull in Delhi's Rouse Avenue Court.
Arguments on Bail by #AAP Minister @SatyendarJain's counsel will be heard post-#Diwali on October 31 at 11 am.
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