Money laundering case: In raids linked to Delhi minister Satyendar Jain, the ED seizes Rs 2.82 crore in gold coins

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New Delhi, India: In the alleged corruption case, the Enforcement Directorate (ED) recovered nearly Rs 2 crore in cash and jewellery from the aides of Delhi Minister Satyendar Jain on Tuesday. The money and gold coins were discovered during a day-long raid by the ED on June 6. The ED also made photographs of the discovery public.

In the Arvind Kejriwal-led Delhi government, Jain is the minister of health, power, home, PWD, industries, urban development, flood, irrigation, and water. On Monday, the ED conducted searches at roughly seven places in Delhi and the surrounding areas, including a jeweller’s.

“The ED conducted a search operation on 06.06.2022 under the 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

“Investigation revealed that one accomplice member of M/s Lala Sher Singh Jivan Vigyan Trust provided accommodation entries for transfer of land from company beneficially owned by Satyendar Kumar Jain to family members of accomplices in order to alienate the property and frustrate the confiscation process,” the statement continued.

Satyendar Jain, the Health Minister, was detained on May 30 for violating the penal provisions of the Prevention of Money Laundering Act (PMLA), and he is being held in ED custody till June 9.

“The PM is after AAP, its govts in the national capital and Punjab,” Delhi Chief Minister and AAP leader Arvind Kejriwal stated after the ED raid.

The ED had attached the family’s homes and firms “beneficially owned and controlled” by Delhi minister Satyendar Jain in April this year in connection with a money-laundering probe. The ED’s money laundering investigation against the AAP minister comes from a CBI FIR filed in August 2017 accusing him and others of allegedly possessing disproportionate assets.

The CBI had filed a FIR alleging that Mr Jain could not explain the source of cash received by four firms in which he was a shareholder, and the investigation agency had filed a criminal case against him. Mr Jain allegedly formed or purchased many shell businesses in Delhi and used them to launder illicit money worth Rs 16.39 crore, according to the investigation agency.