The judge ordered his immediate surrender in relation to a case involving alleged money laundering.
Jain was detained in May 2022 on suspicion of misusing his position as minister to amass excessive wealth.
Following his apprehension, the Enforcement Directorate (ED) opened an inquiry into alleged money laundering connected to three firms allegedly associated with him.
For what reason does this story matter?
The ED captured Jain on tax evasion accuses in association of a case connected with hawala exchanges between February 2015 and May 2017.
As indicated by the organization, when Jain was a pastor, firms supposedly possessed and constrained by him wrongfully got Rs. 4.81 crore through the hawala network from shell organizations.
The case was first recorded by the Focal Agency of Examination (CBI) and later the ED likewise began its test.
Courts excuse wellbeing grounds as reason for expanding bail
Advocate Vivek Jain, addressing Jain, looked for an expansion for his client’s acquiescence, refering to medical problems.
Be that as it may, the court excused the request and maintained its past request.
Prior, Jain had been conceded abandon wellbeing grounds in May 2023 following a fall in a jail washroom that required spinal medical procedure on July 21 of that very year.
The SC has now requested him to give up immediately.
Jain connected to organizations charged in illegal tax avoidance
The ED claimed that Jain applied command north of three organizations embroiled in the tax evasion case through his significant other, Poonam Jain, who filled in as chief.
The ED likewise showed that two other blamed, Vaibhav Jain and Ankush Jain were huge investors and heads of these organizations.
Accordingly, Senior Backer Abhishek Manu Singhvi, representing Jain, battled that his client didn’t have command over these organizations’ funds.
ED seized resources worth Rs. 4.60 crore connected with case
Also, the ED has professed to have seized asserted wrongdoing continues worth Rs. 4.60 crore associated with the case.
The ED had recently connected properties esteemed at Rs. 4.81 crore in April 2022, possessed by Jain’s family and organizations that were “gainfully claimed and controlled” by a him.
Jain has reliably discredited these claims, attesting that he didn’t deal with the funds of the ensnared organizations.
Jain’s earlier endeavors to get bail demonstrate unfruitful
Jain had recently looked for a help from the SC after the Delhi High Court denied his customary bail application in April 2023.
The pinnacle court then broadened his brief bail until January 8, in view of wellbeing grounds.
Nonetheless, the augmentation was challenged by Jain himself when he appealed to the SC against the Delhi High Court’s structure dismissing his customary bail application.
Regardless of these endeavors, his latest solicitation for bail has been turned somewhere near the SC.