ED recovers 2.8 CR cash and 1.8 kg gold after raids against AAP leaders and Delhi health minister satyendra Jain

 

"Unexplained" cash of Rs 2.85 crore and 133 gold coins 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 them, the ED said Tuesday.

The Enforcement Directorate (ED) said those raided on Monday "either directly or indirectly assisted (the minister) or participated in the process of money laundering".

Delhi Health Minister Jain was arrested by the ED in May in a case connected to alleged hawala transactions with regard to a Kolkata-based company.

This comes after the ED, in April this year, had provisionally attached immovable properties worth Rs 4.81 crore belonging to companies allegedly linked to Jain and his relatives under the Prevention of Money Laundering Act (PMLA), 2002. The properties belonging to Akinchan Developers Pvt Ltd, Indo Metal Impex Pvt Ltd, Paryas Infosolutions Pvt Ltd, Manglayatan Projects Pvt Ltd, JJ Ideal Estate Pvt Ltd, and others were attached in the case.

Satyender Kumar Jain, his family and friends had control, stakes and share holdings in four Delhi-based companies, the report said. Jain was one of the directors of three of the four firms before becoming part of the Delhi government. However, his family members continued to hold shares in all the four companies.

The investigative agencies have also alleged that the AAP leader’s long-time associates and friends - Ajit Prasad Jain and Sunil Kumar Jain - were allegedly laundering money at the behest of the minister.

Ajit Prasad Jain’s son Vibhav and Sunil Kumar Jain’s son Ankush have also recorded their statements before the agencies.

The report also has details of Satyendar Jain’s daughters allegedly receiving huge amounts of money in their bank accounts without participating in any actual businesses.Click here for our quore space