Initiating contemporary motion within the cash laundering case registered in opposition to Delhi minister Satyendar Jain, the ED arrested two businessmen, Vaibhav Jain and Ankush Jain, allegedly linked to him, officers mentioned on Friday. The two have been taken into custody beneath prison sections of the Prevention of Money Laundering Act (PMLA).They had been positioned beneath arrest following questioning as officers claimed they had been “evasive”.
The federal probe company had raided the 2, alleged to be “business associates” of Jain, final month as a part of this investigation. Satyendar Jain, 57, was arrested by the Enforcement Directorate on May 30 beneath the prison sections of the PMLA and is in judicial custody at current. He is the minister with out portfolio within the Aam Aadmi Party (AAP) led Delhi authorities. Earlier, Jain held well being, energy and few different prices.
The company has performed not less than two rounds of raids in opposition to his household and associates after it arrested the minister within the PMLA case linked to alleged hawala dealings.It had claimed to have seized “unexplained” money value Rs 2.85 crore and 133 gold cash after the primary spherical of raids performed on June 6 in opposition to Satyendar Jain’s household and others.Those raided included Ankush Jain and Vaibhav Jain, Satyendar Jain’s spouse Poonam Jain, Naveen Jain and Siddharth Jain (administrators of Ram Prakash Jewellers Pvt Ltd), G S Matharoo (chairman of Lala Sher Singh Jivan Vigyan Trust which runs Prudence group of faculties), Yogesh Kumar Jain (director in Ram Prakash Jewellers Pvt Ltd.), father-in-law of Ankush Jain and Lala Sher Singh Jivan Vigyan Trust.
In April, the ED had connected property value Rs 4.81 crore of Satyendar Jain’s household and corporations “beneficially owned and controlled” by him as a part of the probe. In an announcement issued then, the ED had mentioned the provisional order connected “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.” Delhi chief minister and AAP chief Arvind Kejriwal had defended his minister saying he was as a “hardcore honest and patriot” one that was being framed in a “false case” and hoped he’ll come out clear after the ED probe.
The probe discovered, the ED had alleged, that “during the period 2015-16, 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”.
“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 ED mentioned. The cash laundering case in opposition to the AAP minister stems from an August 2017 FIR filed by the CBI in opposition to him and others on prices of alleged possession of disproportionate property (DA).
A cost sheet was filed by the CBI in December, 2018 stating that the alleged DA was to the tune of Rs 1.47 crore, about 217 per cent greater than his identified sources of earnings, throughout 2015-17.The Income Tax Department too had probed these transactions and had issued an order attaching “benami assets” allegedly linked to Jain.
Source: www.financialexpress.com”