New Delhi: The Enforcement Directorate (ED) on Friday arrested two more associates of Delhi Minister Satyendar Jain in an alleged money laundering case. These associates of Satyendra Jain have been identified as Ankush Jain and Vaibhav Jain. After questioning him, he was arrested. Both Ankush and Vaibhav will be produced in a special ED court later. The move comes nearly a month after the ED arrested Satyendar Jain. The Delhi minister was arrested on 30 May.
Ankush Jain and Vaibhav Jain are also among those who helped the Delhi minister in the money laundering case. Besides them, Naveen Jain and Siddharth Jain (Directors of Ram Prakash Jewelers Pvt Ltd), GS Matharu (Chairman of Lal Sher Singh Jeevan Vigyan Trust, which runs Prudence Group of Schools), Yogesh Kumar Jain (Directors at Ram Prakash Jewelers Pvt Ltd) ), ED has informed that Ankush Jain and father-in-law of Lala Sher Singh Jeevan Vigyan Trust are also on ED’s radar to help Satyendra Jain.
In the case, the ED had seized 2.85 crore cash and 133 gold coins weighing 1.80 kg during the day-long raids at various places in Delhi and NCR from the associates of Satyendar Jain on June 6. The agency had also seized various incriminating documents and digital records during these raids. The ED had then said that total movable assets were seized from an “unexplained source” and were found “secretly” in the raided premises.
Property was seized during a search operation under the Prevention of Money Laundering Act (PMLA), 2002 at the premises of Satyendar Jain, his wife Poonam Jain and their associates and other persons who had directly or indirectly assisted them or had participated. in the process of money laundering.
ED’s probe in the case has revealed that an associate member of Lala Sher Singh Jeevan Vigyan Trust had siphoned off the assets from a company owned by Satyendar Jain and transferred the land to the family members of the associates to depress the assets. Housing entries were provided. seizure process.
The ED had initiated the money laundering probe on the basis of a First Information Report filed by the Central Bureau of Investigation (CBI) under section 13(2) r/w 13(1)(e) on August 24, 2017. Prevention of Corruption Act, 1988 against Satyendra Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain.
The CBI had filed a chargesheet on December 3, 2018 against Satyendra Kumar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain. The chargesheet mentions that Satyendar Jain used to hold the post as a minister in the government. The Delhi Government had acquired assets disproportionate to their known sources of income during the period from February 14, 2015 to May 31, 2017.
The CBI has accused Satyendra Kumar Jain and others of committing an offense under the Prevention of Corruption Act, 1988. Jain was arrested in April this year after the ED attached immovable properties worth Rs 4.81 crore owned by companies named Akinchan Developers Pvt. Ltd., Indo Metal Impex Pvt Ltd, and others booked Jain, his wife Poonam Jain and others in a case of disproportionate assets and money laundering under the Prevention of Money Laundering Act, 2002.