Opposing the bail application of AAP minister Satyendar Jain, the Enforcement Directorate (ED) Monday told the court that the companies under investigation were “only paper companies, they did not earn any income and did not have any intrinsic value” and that co-accused Vaibhav Jain and Ankush Jain were the AAP leader’s dummies. Appearing for the ED, Additional Solicitor General (ASG) SV Raju said that Jain was the kingpin who was not only involved in “converting black money to white” but also in tampering of evidence, while opposing his bail in a money laundering case.