Satyendar Jain Assets Attached: ED has seized assets worth Rs 7.44 crore from former Delhi minister Satyendra Jain. Jain has been accused of making disproportionate assets while being a minister. The CBI had registered a case in this regard in 2017.
Ex minister satyendar jain: ED (Enforcement Directorate) has taken major action against Aam Aadmi Party leader and former Delhi minister Satyendra Kumar Jain in the money laundering case. His assets worth Rs 7.44 crore have been confiscated. The assets seized by the ED are linked to allegedly controlled companies by Satyendra Jain. This action was taken on 15 September under PMla (Prevention of Money Laundering Act) 2002.
Satyendra Jain is accused of making disproportionate assets while being a minister
In 2017, the CBI filed a case against Satyendra Jain. ED is investigating money laundering in this case. Jain was a minister in the AAP -led Delhi government between February 2015 and May 2017. He has been accused of earning disproportionate assets while being a minister. In December 2018, the CBI filed a charge sheet against his, his wife Poonam Jain and others.
ED seized Satyendra Jain’s assets worth Rs 4.81 crore in March 2022
In March 2022, ED seized Satyendra Jain’s assets worth Rs 4.81 crore in this case. Now property worth Rs 7.44 crore has been seized. With this, the total seized assets have increased to Rs 12.25 crore. According to the ED, this amount is as much as the entire value of the property allegedly earned by Jain.
According to the ED, soon after demonetisation in November 2016, Satyendra Jain’s close associates Ankush Jain and Vaibhav Jain had deposited cash of Rs 7.44 crore as advance tax under IDS (Income Disclosure Scheme). He had declared assets worth Rs 16.53 crore in the name of four companies. The ED later discovered about them that she was of Satyendra Jain.
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Both the Income Tax Department and the Delhi High Court considered Jain’s colleagues as benami holders. The Supreme Court also upheld this conclusion, rejecting his appeals. Subsequently, the ED shared the results of its investigation with the CBI. The CBI filed a supplementary charge sheet against Jain, extending the disproportionate assets case.
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