Money laundering case: ED arrests two more aides of Delhi Minister Satyendar Jain
Jul 01, 2022
NEW DELHI: The Enforcement Directorate (ED) on Friday arrested two more associates of Delhi Minister Satyendar Jain in an alleged money laundering case, sources said.
These associates of Satyendar Jain have been identified as Ankush Jain and Vaibhav Jain. They were arrested following questioning with them. Both Ankush and Vaibhav will be produced in a special ED court later.
The move comes almost a month after the ED arrested Satyendar Jain. The Delhi Minister was arrested on May 30.
Ankush Jain and Vaibhav Jain are among those assisting the Delhi Minister in the money laundering case.
Besides them, Naveen Jain and Siddharth Jain (Directors of Ram Prakash Jewellers Pvt Ltd), G S Matharoo (Chairman of Lala Sher Singh Jivan Vigyan Trust which runs Prudence Group of Schools), Yogesh Kumar Jain (Director in Ram Prakash Jewellers Pvt Ltd), father-in-law of Ankush Jain and Lala Sher Singh Jivan Vigyan Trust are also on ED radar for assisting Satyendar Jain, the ED has informed.
In the case, the ED on June 6 had seized 2.85 crore of cash and 133 gold coins weighing 1.80 kg from Satyendra Jain's aides during its day-long raid conducted at various places across Delhi and the National Capital Region. The agency had also seized various incriminating documents and digital records during these raids.
The ED then said that the total movable assets were seized from an "unexplained source" and were "found to be secreted" in the raided premises.
The assets were seized during a search operation carried out under the Prevention of Money Laundering Act (PMLA), 2002 at the premises of Satyendar Jain, his wife Poonam Jain, and his accomplices and other persons who had either directly or indirectly assisted him or participated in the processes of money laundering.
ED investigation in the case has revealed that one accomplice member of Lala Sher Singh Jivan Vigyan Trust had provided accommodation entries for the transfer of land from a company beneficially owned by Satyendar Jain to family members of accomplices in order to alienate the property and to frustrate the process of confiscation.
The ED had initiated a money-laundering investigation on the basis of the First Information Report registered by the Central Bureau of Investigation (CBI) on August 24, 2017, under Section 13(2) r/w 13(1)(e) of the Prevention of Corruption Act, 1988 against Satyendar 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.
The charge sheet mentions that Satyendar 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.
The CBI has accused Satyendar Kumar Jain and others for the commission of offences under the Prevention of Corruption Act, 1988.
Jain was arrested after the ED in April this year attached immovable properties worth Rs 4.81 crore owned by companies named Akinchan Developers Pvt. Ltd, Indo Metal Impex Pvt Ltd, and others under the Prevention of Money Laundering Act, 2002 in connection with the disproportionate asset and money laundering case registered Jain, his wife Poonam Jain, and others.