Delhi High Court Grants Bail to Business Associates in Money Laundering Case

The Delhi High Court granted bail to Vaibhav Jain and Ankush Jain, accused of money laundering with AAP leader Satyendar Jain. The duo received bail following delays in trials. Previously, the court had refused them default bail citing an incomplete charge sheet. The case is linked to a CBI FIR against Satyendar Jain.

The Delhi High Court has granted bail to Vaibhav Jain and Ankush Jain, who have been implicated in a money laundering case alongside senior AAP leader Satyendar Jain. Justice Manoj Kumar Ohri extended this relief nearly 10 days after Satyendar Jain himself was granted bail.

The court's decision came after prolonged delays in the trial and the significant time the accused had already spent incarcerated. The money laundering allegations involve transactions through four companies allegedly linked to Satyendar Jain. The Enforcement Directorate has accused Vaibhav and Ankush Jain of being his business associates and facilitating the offense.

Initially arrested in mid-2022, their legal representation included prominent advocates Siddharth Aggarwal and Rebecca John. Despite the high court previously denying them default bail over an incomplete charge sheet, a regular bail was finally secured while citing the 'delay in trial.'

(With inputs from agencies.)