New Delhi, 09 June 2022

As per news report of The Indian Express, Jain was produced before Special CBI Judge Geetanjli Goel on Thursday on expiry of his nine-day custody. The ED had sought further custody for five days, submitting that they needed to confront him with documents that were recovered in the raids conducted by the agency. Jain’s lawyers had argued that the agency was going beyond its jurisdiction in the disproportionate assets case. The case is based on a CBI FIR lodged against Jain in 2017 under which he was accused of having laundered money through four companies allegedly linked to him. The CBI complaint had said that Jain could not explain the source of funds received by four companies in which he was a shareholder. It had registered a case against him, his wife and four others on charges of corruption.

Source -The Indian Express

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