New Delhi, 23 September (IANS) Enforcement Directorate (ED) has provided immovable properties worth Rs 7.44 crore, which belongs to owned and controlled companies by former Delhi minister Satyendra Kumar Jain.
The action taken on 15 September comes under the provisions of the Money Laundering Act (PMLA), 2002 prevention.
According to the ED, the case arose from the CBI FIR registered against Jain, his wife Poonam Jain and others in August 2017, alleging that the then Delhi minister affected uneven assets between February 2015 and May 2017. The CBI filed its charge sheet in December 2018.
Earlier, on 31 March, 2022, the ED attached a provisional assets of Rs 4.81 crore in the same case. A prosecution complaint was filed in July 2022, which was taken by the court.
“Investigation has revealed that in November 2016, soon after demonetisation, Jain’s close associates Ankush Jain and Vaibhav Jain deposited cash of Rs 7.44 crore in Bank of Baroda, Bhogal branch under the Income Disproportionate Scheme (IDS), Ed said in a press statement on Tuesday.
“Under IDS, he claimed that M/S Akinchan Developers Private Limited, M/S Paras Infosluctions PVT Limited, M/S Mangalayat Projects PVT Limited, and M/S Indo Metal Impact, PVT, and M/S Indo Metal Employees PVT, and M/S Indo Mantle Employees PVT were claimed.” Satyendra Kumar Jain, ”said further.
The Income Tax Department and Delhi High Court placed Ankush and Vaibhav Jain as benami holders for Jain. The Supreme Court later rejected its appeal and reviewed the petitions.
“Based on the information shared, the CBI has further investigated the case and later filed a supplementary charge sheet, which has been said to increase the property to be responsible to Satyendra Kumar Jain during his tenure as a minister in the Delhi government.”
Subsequently, ED has now attached additional assets of Rs 7.44 crore, which is the total “income of income” so far is Rs 12.25 crore.
According to the ED, “Complaints of supplementary prosecution will soon be filed under the PMLA, 2002 in this case.”
In particular, the test in the case is in progress in front of the Rouse Avenue Court, New Delhi.
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