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Money Laundering case: ED seizes Rs 2.82 cr, gold coins found in raids linked to Delhi minister Satyendar Jain

By Priyanka Verma 
Updated Date
Money Laundering case: ED seizes Rs 2.82 cr, gold coins found in raids linked to Delhi minister Satyendar Jain

New Delhi: On Tuesday, The Enforcement Directorate (ED) has recovered over Rs 2 crore in cash and jewellery from the aides of Delhi Minister Satyendar Jain in the alleged corruption case. The ED conducted a day-long raid on 6 June where the money and gold coins were found. The ED also publicized images of the finding.

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Jain is the minister of health, power, home, PWD, industries, urban development, flood, irrigation and water, in the Arvind Kejriwal-led Delhi government. The ED had conducted searches on about seven premises, including that of a jeweller, in Delhi and some neighbouring locations on Monday.

“The ED has conducted a search operation on 06.06.2022 under PMLA, 2002, at the premises of Satyendar Kumar Jain/Poonam Jain, and his accomplices and other persons who had either directly or indirectly assisted him or participated in the processes of money laundering namely, Ankush Jain, Vaibhav Jain, Naveen Jain & Siddharth Jain (Directors of M/s Ram Prakash Jewellers Pvt Ltd), Sh. G S Matharoo (Chairman of M/s Lala Sher Singh Jivan Vigyan Trust which runs Prudence Group of Schools), Yogesh Kumar Jain (Director in M/s Ram Prakash Jewellers Pvt Ltd.), father-in-law of Ankush Jain and M/s Lala Sher Singh Jivan Vigyan Trust,” the statement said by ED.

It added, “Investigation revealed that one accomplice member of M/s 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.”

Health Minister Satyendar Jain was arrested on May 30 under the criminal sections of the Prevention of Money Laundering Act (PMLA) and he is in ED custody till June 9.

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Following the finding at the raid conducted by ED, Delhi Chief Minister and AAP leader Arvind Kejriwal said, “PM is after AAP, its govts in national capital and Punjab”.

In April this year, the ED had attached properties worth ₹4.81 crore of the family and companies “beneficially owned and controlled” by Delhi minister Satyendar Jain in connection with a money-laundering probe. The ED case of money laundering against the AAP minister stems from an August 2017 FIR by the CBI against him and others on charges of alleged possession of disproportionate assets.

The probe agency had registered a criminal case against the AAP leader based on a FIR lodged by the CBI in which it had been alleged that Mr Jain could not explain the source of funds received by four companies in which he was a shareholder. The probe agency claims Mr Jain floated or bought several shell companies in Delhi and laundered black money worth Rs 16.39 crore through them.

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