ED seized Rs 2.85 crore in cash and 133 gold coins after raids against AAP minister Satyendra Jain and people related to him.
"Unexplained" cash of Rs 2.85 crore and 133 gold coins weighing 1.80 kilograms in total were seized after raids were conducted at the premises of Delhi minister Satyendar Jain and his alleged associates as part of a money laundering probe against him, the ED said Tuesday. The Enforcement Directorate (ED) said those raided on Monday were "either directly or indirectly assisted" the minister in the process of money laundering. The cash and coins were "unexplained" and were kept in a "secret" place, it said in a statement.
Jain, 57, was arrested on May 30 under the criminal sections of the Prevention of Money Laundering Act (PMLA) and he is in ED custody till June 9. The ED had conducted searches at about 7 premises, including that of a jeweller, in Delhi and some neighbouring locations on Monday. Jain, a minister without portfolio in the Arvind Kejriwal government, is being probed by the federal agency under the PMLA on charges of alleged hawala dealings.
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"Directorate of Enforcement (ED) has conducted a search operation on June 6, 2022 under PMLA, 2002 at the premises of Satyendar Kumar Jain, Poonam Jain, and his accomplices and other persons who had either directly or indirectly assisted him or participated in the processes of money laundering namely, Ankush Jain, Vaibhav Jain, Naveen Jain and Siddharth Jain (Directors of M/s Ram Prakash Jewellers Pvt Ltd), GS Matharoo (Chairman of M/s Lala Sher Singh Jivan Vigyan Trust which runs Prudence Group of Schools), Yogesh Kumar Jain (Director in M/s Ram Prakash Jewellers Pvt Ltd), father-in-law of Ankush Jain and M/s Lala Sher Singh Jivan Vigyan Trust," read an official statement issued by the law enforcement agency on Tuesday.
As per the statement, an investigation revealed that one accomplice member of M/s Lala Sher Singh Jivan Vigyan Trust had provided accommodation entries for the transfer of land from a company beneficially owned by Satyendar Kumar Jain to family members of accomplices in order to alienate the property and to frustrate the process of confiscation.
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ED had initiated a money-laundering investigation on the basis of an FIR registered by CBI/AC- I, New Delhi on August 24, 2017, under Section 13(2) r/w 13(1)(e) of the Prevention of Corruption Act, 1988 against Satyendar Kumar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain.The CBI filed a chargesheet on December 3, 2018, against Satyendar Kumar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain wherein it has been stated that Satyendar Kumar Jain while holding the office as a Minister in the Government of Delhi, during the period February 14, 2015, to May 31, 2017, had acquired assets which are disproportionate to his known sources of income.
CBI has accused Satyendar Kumar Jain and his wife Poonam Jain, his business associates namely Ajit Prasad Jain, Sunil Kumar Jain, Ankush Jain and Vaibhav Jain for commission of offences under the Prevention of Corruption Act, 1988.Earlier, ED had provisionally attached immovable properties worth Rs 4.81 crore belonging to companies beneficially owned and controlled by Satyendar Kumar Jain on March 31, 2022.
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