How Delhi minister Satyendar Jain laundered crores with wife, daughters, friends
India Today
The Central Bureau of Investigation and the Enforcement Directorate have accused Satyendar Jain of using his family members, including his two daughters, to mislead the probe agencies.
Arvind Kejriwal’s Minister Satyendar Jain, who was arrested by the Enforcement Directorate on charges of money laundering, has allegedly laundered over Rs 16 crore. Along with his family, two other Jain families are under the ED’s scanner for being part of this extensive conspiracy.
The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have accused Satyendar Jain of using his family members, including his two daughters, to mislead the probe agencies.
According to the probe report, accessed by India Today TV, Satyendar Jain’s wife and two daughters received crores in the garb of businesses from companies linked to Satyendar Jain.
Satyender Kumar Jain, his family and friends had control, stakes and share holdings in four Delhi-based companies, the report said. Jain was one of the directors of three of the four firms before becoming part of the Delhi government. However, his family members continued to hold shares in all the four companies.
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“These companies have laundered money to the tune of Rs 16.4 crore during the period from 2011-2016, including Rs 4.61 crore in 2015-2016 when Jain was a public servant. This amount belongs to Satyender Kumar Jain, his family members and the families of his business associates, Ajit Prasad Jain and Sunil Kumar Jain,” the probe report reads.
The agencies have also alleged that Satyendar Jain held active control over the accused companies, even though he had technically resigned from the directorship before contesting the Delhi elections in December 2013.