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Satyendar Jain Sent To 14-Day Judicial Custody In Alleged Money Laundering Case

Mumbai: On Monday, the Rouse Avenue court in Delhi sent AAP leader and Delhi minister Satyendar Jain to 14-day judicial custody in an alleged money laundering case.

On June 9 last week, the Enforcement Directorate was sent to Jain’s custody till June 13 in the Hawala transaction case of a Kolkata-based company.

The ED had arrested Jain in this case on May 30. Last week, the central agency sought an extension of his remand as it seized Rs 2.82 crore in cash and 133 gold coins weighing 1.80 kg from the premises of the minister and his associates during the raids.

Soon after being produced in the court on Thursday, Jain was taken to the hospital as he was not keeping well.

In April this year, the ED provisionally attached immovable properties worth Rs 4.81 crore of companies allegedly linked to Jain and his relatives under the Prevention of Money Laundering Act (PMLA), 2002.

The properties of Akinchan Developers Pvt Ltd, Indo Metal Impex Pvt Ltd, Paryas Infosolutions Pvt Ltd, Mangalayatan Projects Pvt Ltd, JJ Ideal Estate Pvt Ltd and others were attached in the case.

The ED said its probe revealed that during the period 2015-16, companies owned and controlled by Jain received housing entries worth about Rs 4.81 crore from shell companies against cash transferred to Kolkata-based entry operators through the “hawala route.”

“These amounts were utilised for direct purchase of land or for the repayment of loan taken for the purchase of agricultural land in and around Delhi,” the ED had said.

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