SC dismisses bail plea against Satyendar Jain in excise policy case

Jain, who was given an interim medical bail on May 26 last year, was arrested in May 2022 for allegedly misusing his position as minister from February 2015 to May 2017 to acquire disproportionate assets worth ₹1.47 crore. The ED subsequently began a probe into the money laundering charges through three companies allegedly linked to him.

A bench of justices Bela M Trivedi and Pankaj Mithal said, “The appeals are dismissed. The petitioner is directed to surrender forthwith.”

Advocate Vivek Jain, appearing for the former minister, sought an extension of time to surrender, citing his ill health. The court rejected the request and maintained its order.