ED arrests Satyendar Jain’s business associates in money laundering probe
India Today
The ED has arrested two business associates of AAP leader Satyendar Jain in connection with a money laundering case.
The Enforcement Directorate has arrested two more people in connection with the alleged money laundering case against Aam Aadmi Party (AAP) leader Satyendar Jain.
Jain’s close business associates Vaibhav Jain and Ankush Jain were taken into custody by the financial probe agency on Friday.
Last Monday, a special CBI court extended by two weeks the judicial custody of Satyendar Jain in the alleged case. The AAP leader is currently hospitalised after his oxygen level dipped.
The ED had arrested Jain on May 30 in an alleged money laundering case under criminal sections of the Prevention of Money Laundering Act (PMLA).
The federal agency has alleged that Satyendar Jain was involved in hawala transactions with a Kolkata-based firm in 2015-16. A money laundering was registered by the financial probe agency based on an FIR filed by the CBI in August 2017 on charges of alleged possession of disproportionate assets (DA).
It is alleged that Jain and his family set up four shell companies to launder Rs 11.78 crore in 2011-12 and Rs 4.63 crore in 2015-16. The Income Tax Department had also probed these transactions and issued an order attaching "benami assets" allegedly linked to Jain.
