Image description

A city court has denied Delhi Health Minister Satyendar Jain's bail bid in a money laundering case. The Enforcement Directorate arrested him last month over alleged hawala transactions with a Kolkata-based firm in 2015-16. Two parties use a hawala system to exchange money with local agents on their behalf without going through conventional banking systems.

In August 2017, the Central Bureau of Investigation (CBI) filed a complaint against Mr Jain and his family, alleging money laundering of up to Rs. 1.62 crore.

Mr Jain and his family are accused of laundering Rs 11.78 crore in 2011-12 and Rs 4.63 crore in 2015-16 through four shell companies, according to the CBI.

The Enforcement Directorate began its investigation into the charges of money laundering based on the CBI's first information report, or FIR.

The arrest averted a new conflict between Arvind Kejriwal, the Chief Minister of Delhi, a Union Territory, and the national government, which the Aam Aadmi Party (AAP) and other opposition leaders such as Mamata Banerjee and K Chandrashekar Rao of Telangana have frequently accused of harassing them.