ED Attaches Assets Worth ₹4.8 Crore Linked To AAP’s Satyendar Jain
Mumbai: Enforcement Directorate (ED) has attached assets worth ₹4.81 crores linked to Delhi Minister and AAP leader Satyendar Jain in a disproportionate assets case.
According to an official notification, the ED has provisionally attached immovable properties worth Rs 4.81 crore belonging to M/s Akinchan Developers Pvt. Ltd., M/s Indo Metal Impex Pvt Ltd, M/s Paryas Infosolutions Pvt. Ltd., M/s Manglayatan Projects Pvt. Ltd., M/s J.J. Ideal Estate Pvt. Ltd., Smt. Swati Jain w/o Vaibhav Jain, Smt. Sushila Jain w/o Ajit Prasad Jain, Smt. Indu Jain w/o Sunil Jain under Prevention of Money Laundering Act (PMLA), 2002 in a disproportionate assets case.
The Directorate had initiated a money-laundering investigation on the basis of the FIR dated 24.08.2017 registered by the Central Bureau of Investigation (CBI) against Satyendar Jain and others under the provisions of Section 109 and Section 13(2) of the Indian Penal Code. and section 13(1)(e) of the Prevention of Corruption Act.
The investigation conducted by the ED revealed that during the period 2015-16 when Satyendra Kumar Jain was a public servant, the above companies owned and controlled by him had received housing 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 used for the outright purchase of land or for repayment of loans taken for the purchase of agricultural land in and around Delhi.
Accordingly, immovable properties worth Rs 4.81 crore in the form of land belonging to the above-mentioned companies/individuals have been provisionally attached as per Section 5 of the PMLA, 2002.
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