“Unexplained” money of Rs 2.85 crore and 133 gold cash have been seized after raids have been carried out on the premises of Delhi minister Satyendar Jain and his alleged associates as a part of a cash laundering probe in opposition to them, the ED stated Tuesday.
The Enforcement Directorate (ED) stated these raided on Monday “either directly or indirectly assisted (the minister) or participated in the process of money laundering”.
The money and cash have been “unexplained” and have been saved in a “secret” place, it stated in a press release.
Jain, 57, was arrested on May 30 underneath the prison sections of the Prevention of Money Laundering Act (PMLA) and is in ED custody until June 9.
The ED had carried out searches at about 7 premises, together with that of a jeweller, in Delhi and a few neighbouring areas on Monday.
Jain, a minister with out portfolio within the Arvind Kejriwal authorities, is being probed by the federal company underneath the PMLA on costs of alleged hawala dealings.
Kejriwal lately had defended Jain as a “hardcore honest and patriot” one that was being framed in a “false case” and hoped the minister will come out clear after the ED probe.
The company stated these raided embody Jain’s spouse Poonam Jain, his enterprise associates Ankush Jain and Vaibhav 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.
“Lala Sher Singh Jivan Vigyan Trust had provided accommodation entries for transfer of land from company beneficially owned by Satyendar Kumar Jain to family members of accomplices in order to alienate the property and to frustrate the process of confiscation,” the ED stated.
It stated “incriminating documents and digital records” have been seized through the raids.
“Cash amounting to Rs 2.85 crore and 133 gold coins weighing 1.80 kg in total from unexplained source were found to be secreted in the said premises and were seized under PMLA,” it stated.
In April, the ED had connected property value Rs 4.81 crore of Jain’s household and firms “beneficially owned and controlled” by him as a part of the probe.
In a press release issued then, the ED had stated a provisional order was introduced out underneath 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 probe discovered 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 stated.
The named individuals within the attachment order are associates and members of the family of Jain, officers had stated.
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 costs 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 revenue, 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”