New Delhi: The special PMLA court has taken cognizance of the Enforcement Directorate (ED) chargesheet against Delhi Minister Satyendra Jain and others in the alleged money laundering case.
The matter has been posted for further hearing on July 29.
According to reports, the prosecution complaint has names of Satyendra Jain, his wife, Poonam Jain, Vaibhav Jain, Ankush Jain, Ajit Prasad Jain & Sunil Jain and also 4 private companies.
Delhi Minister is currently in judicial custody. During the hearing, the court also examined the interim bail plea of Satyender Jain.
The ED initiated money laundering investigation based on FIR filed by the Central Bureau of Investigation (CBI) on August 24, 2017 against Satyendar Jain and others, under the sections of the Prevention of Corruption Act.
The CBI alleged that Satyendra Jain, during his tenure as Minister in Delhi government between 2015-2017 acquired assets which are way beyond his known sources of income.
The ED claimed that when Satyendar Kumar Jain was a public servant, the four companies (beneficially owned and controlled by him) received accommodation entries to the tune of Rs 4.81 crore from shell companies against cash transferred to Kolkata based entry operators through Hawala route. These amounts were utilized for direct purchase of agricultural land or for the repayment of loan taken for purchase of agricultural land in and around Delhi. The accused persons were therefore found to be involved in the activity connected with the “Proceeds of Crime” generated as a result of criminal activity related to scheduled offence and thereby have committed offences of Section 3 of PMLA 2002.
During the course of investigation, on 31.03.2022, Enforcement Directorate (ED) had provisionally attached immovable properties worth Rs. 4.81 Crore belonging to M/s Akinchan Developers Pvt. Ltd. , M/s Indo MetalimpexPvt Ltd, M/s ParyasInfosolutions Pvt. Ltd., M/s Manglayatan Projects Pvt. Ltd., M/s J.J. Ideal Estate Pvt. Ltd. , Smt. Swati Jain w/o Sh. Vaibhav Jain, Smt. Sushila Jain w/o Sh.Ajit Prasad Jain, Smt. Indu Jain w/o Sh. Sunil Jain under Prevention of Money Laundering Act (PMLA), 2002.
Satyendar Kumar Jain was arrested on 30.05.2022 and Vaibhav Jain and Ankush Jain were arrested on 30.06.2022for commission of offence under Section 3 of PMLA, 2002. These three accused are currently in Judicial Custody.
