The court, which was hearing the complaint lodged by Rahul Sharma, founder of NGO Road Anti-Corruption Organisation, is likely to give an order on January 9 on whether a preliminary inquiry is to be conducted into the matter.
The complainant had sought registration of an FIR against Jain and three Public Works Department (PWD) officials for alleged irregularities in grant of tenders.
"It is a nearly Rs 100 crore fraud. Through a criminal conspiracy, the officials have looted the hard earned money of the tax payer," the advocate said.
The court, after hearing the arguments, kept the matter for January 9, when it is likely to give order on whether or not a preliminary inquiry is to be conducted into the complaint.
More From This Section
It has been alleged by complainant Sharma that during 2014-17, officials of Delhi government's PWD had allocated contracts for their pecuniary benefits as well as that of contractors for the work "which never got completed whereas shockingly all payments have been cleared".
The plea has sought a probe into Jain's role in causing gain to contractors allegedly by using ministerial influence and prosecution of PWD officials - Anil Trehan, executive engineer, Mukesh Kumar, superintending engineer and Eesh Kumar Anand, accountant, for the alleged offences of criminal conspiracy, cheating and forgery.