38.6c New Delhi, India, Thursday, June 13, 2024
Crime, Police And Law

2 Crore Cash, 133 Gold Coins Discovered In Raids Linked To Arrested Delhi Minister, Satyendar Jain

By Shashwata Sahu      07 June, 2022 06:14 PM      0 Comments
Raids Linked To Arrested Delhi Minister Satyendar Jain

In the alleged corruption case, the Enforcement Directorate (ED) has recovered over Rs 2 crore in cash and jewellery from the aides of Delhi Minister Satyendar Jain. On Monday, searches were conducted at Satyendar Jain's home and the residences of his aides.

As per sources, Ram Prakash Jeweller has been found with Rs 2.23 crore in cash, while Vaibhav Jain has been caught with Rs 41.5 lakh in cash (estimated) and 133 gold coins.

Officials said the Enforcement Directorate conducted raids against arrested Delhi minister Satyendar Jain as part of a money-laundering investigation linked to a suspected hawala dealings case. The raids, which included those at Jain's home in Delhi and other sites, were carried out as part of a "follow up" on the case, they added.

Arvind Kejriwal, the AAP convener and Delhi Chief Minister, hit out at the Centre in the wake of recent ED raids against Satyendar Jain and his aides. CM Kejriwal said that,

"At present, the Prime Minister is with full force behind the Aam Aadmi Party - especially the governments of Delhi and Punjab... Lie after lie... You have the power of all agencies, but God is with us."

On Twitter, BJP leader Kapil Mishra, while slamming the Delhi Health Minister and CM Kejriwal, wrote that,

"Crores of cash, gold coins are being seized from Satyendra Jain's house, according to Kejriwal, he is an honest man... corruption of Satyendra Jain is only a glimpse, the real mastermind is Kejriwal, Kejriwal's corruption will surprise the world."

On May 30, Jain, 57, was arrested and is being held in ED custody until June 9 under the criminal sections of the Prevention of Money Laundering Act (PMLA).

After questioning Jain and some alleged hawala operators over the last few days, the agency is said to have discovered additional evidence and connections. Officials stated the raids were carried out to learn more about these inputs.

In the Delhi government, Jain is currently a minister without a portfolio. On June 2, over half a dozen of Jain's portfolios were transferred to Deputy Chief Minister Manish Sisodia.

Arvind Kejriwal, the Delhi Chief Minister, defended Jain as a "hardcore honest and patriot" who was "framed in a false case" and expressed hope that the minister would be cleared following the ED investigation.

As part of the investigation, the ED attached assets worth Rs 4.81 crore belonging to Jain's family and companies "beneficially owned and controlled" by him in April.

In a statement then, the ED had said that,

"It issued a provisional order under the PMLA to attach immovable properties worth Rs 4.81 crore belonging to Akinchan Developers Pvt. Ltd., Indo Metal Impex Pvt. Ltd., Paryas Infosolutions Pvt. Ltd., Manglayatan Projects Pvt. Ltd., J.J. Ideal Estate Pvt. Ltd., Swati Jain, wife of Vaibhav Jain, Sushila Jain, wife of Ajit Prasad Jain, and Indu Jain, wife of Sunil Jain."


The investigation found that,

"During 2015 and 2016, when Satyendar Kumar Jain was a public servant, the companies beneficially owned and controlled by him received accommodation entries to the tune of Rs 4.81 crore from shell (paper) companies against cash transferred to Kolkata-based entry operators through the hawala route."

The ED said that,

"These amounts were utilised for direct purchase of land or for repayment of loan taken for the purchase of agricultural land in and around Delhi."

The named persons in the attachment order are associates and family members of Jain, officials said.

The money laundering case against the AAP minister comes from a CBI FIR filed against him and others in August 2017 on grounds of alleged disproportionate asset possession. The CBI filed a charge sheet in December 2018 alleging that during 2015-17, the claimed disproportionate assets were valued at Rs 1.47 crore, or 217 percent more than his known sources of income. The Income Tax Department had also looked into these transactions and had issued an order freezing "benami assets" tied to Jain.

Share this article:

Leave a feedback about this

Trending Crime, Police And Law
BJP workers stabbed near village Masjid, for celebrating PM Narendra Modi's victory by raising 'Bharat Mata ki Jai slogan'

BJP workers stabbed near village Masjid in Karnataka for celebrating Narendra Modi's third term as PM.

12 June, 2024 12:11 PM
Trending Judiciary
Allahabad High Court quashes FIR, grants protection to adult couple who married against family’s wishes [Read Order]

Allahabad High Court quashes FIR, protects couple who married against family’s wishes, emphasizing their constitutional rights and condemning threats to their lives.

12 June, 2024 02:00 PM


Trending Judiciary
Threat of false rape allegations constitutes abetment of suicide: Madhya Pradesh HC [Read Order]

Madhya Pradesh High Court rules that threats of false rape allegations amount to abetment of suicide, dismissing petition to quash related criminal proceedings.

07 June, 2024 12:06 PM
Trending Business
Food Safety Commissioner Cracks Down on Blinkit Warehouse Violations, Seizes Expired Products

Food Safety Commissioner seizes expired products at Blinkit warehouse in Telangana. Violations include disorganization, hygiene issues, and lack of compliance.

07 June, 2024 01:21 PM
Trending Political NEWS
Engineer Rashid Seeks Interim Bail to Take Oath as MP After 2024 Lok Sabha Polls Victory Amidst NIA Charges

Engineer Rashid seeks interim bail to take oath as MP after winning the 2024 Lok Sabha polls, amidst NIA charges and detention in Tihar Jail since 2019.

07 June, 2024 02:53 PM
Trending Judiciary
Calcutta High Court Seeks Response from NTA on Alleged Irregularities in NEET (UG) 2024 [Read Order]

Calcutta HC directs NTA to explain NEET (UG) 2024 marking and reservation policies following allegations of irregularities. Hearing set for two weeks.

07 June, 2024 03:08 PM


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email