Supreme Court posted a notice to Enforcement Directorate (ED) on Thursday . Delhis Supreme Court posted a notice to Enforcement Directorate (ED) on Thursday .
New Delhi, India, December 1: In a money laundering lawsuit, Delhi's Supreme Court posted a notice to Enforcement Directorate (ED) on Thursday.I appeared before the ED on 7 occasions.I have cooperated and participated in the investigation.When appearing for Satyendar Jain, I was detained 5 years down the line in 2022, according to Justice Dinesh Kumar Sharma.
Jain was arrested by the Enforcement Directorate on May 30, 2022, and is now in Judicial Custody in the investigation.Jain claims that the trial court judge and the ED had grossly misread and misapplied the PMLA by identifying proceeds of crime solely on the basis of accommodation entries.According to the PMLA, accommodations entries do not automatically result in a punishable offense.When dismissing the bail petition, the Rouse Avenue Court said that the accused Satyendar Kumar Jain purposely engaged in the money laundering spree by obliterating the way of finding the source of illicit money and therefore, the proceeds of crime were layered through Kolkata-based entry operators in a way that their origin was difficult to distinguish. According to Trial Court Judge Vikas Dhull, the prosecution report alleges that Satyendar Kumar Jain had obtained accommodation entries worth Rs 4.81 crore from the shell companies against money that was transferred to Kolkata-based entry operators via a hawala route.The ED lawsuit is based on a Central Bureau of Investigation (CBI) lawsuit alleging that he had acquired movable property in the name of various persons from February 14, 2015 to May 31, 2017.