Thread by @barandbench

#SatyendarJain Bail Order: Satyendar Kumar Jain has prima facie indulged in the offence of money laundering of more than Rs 1 Crore.

@AamAadmiParty

#SatyendarJain is not entitled to the benefit of bail having regard to the twin conditions provided in Section 45 of the PMLA — Special Judge, Rouse Avenue Courts.

@dir_ed @AamAadmiParty

#SatyendarJain was actually involved in concealing the proceeds of crime by giving cash to the Kolkata based entry operators…By this process, the proceeds of crime to the tune of 1/3rd of Rs 4.61 Crore has been laundered — Special Judge.

@dir_ed @AamAadmiParty

#SatyendarJain has also used the same modus operandi to convert his proceeds of crime of Rs 15,00,000 by receiving accommodation entries from Kolkata based entry operators in his company — Special Judge.

@dir_ed @AamAadmiParty

#SatyendarKumar knowingly did such activity to obliterate tracing of the source of ill-gotten money and accordingly, the proceeds of crime was layered through Kolkata-based entry operators in a way that its source was difficult to decipher — Special Judge

@AamAadmiParty @dir_ed