Satyendar Jain arrested by ED: All you need to know about the money laundering case
India Today
Satyendar Jain was arrested after six hours of questioning at the ED’s headquarters in Delhi. Here's all you need to know about the money laundering case.
The Enforcement Directorate (ED) on Monday arrested Delhi Health Minister Satyendar Jain in a five-year-old money laundering case. Jain was arrested after six hours of questioning at the ED’s headquarters, sources said. Here's all you need to know about the case.
On August 24, 2017 a case was registered by the Central Bureau of Investigation (CBI) against Satyendar Kumar Jain and others under the provisions of section 109 of Indian Penal Code and Prevention of Corruption Act. It was a Rs 1.68 crore disproportionate assets case.
Based on CBI’s FIR, the ED filed a case against him.
READ | Delhi Health Minister Satyendar Jain arrested by ED in money laundering case
The ED allegedly found that between the period 2015-16, when Satyendar Kumar Jain was a public servant, companies beneficially owned and controlled by him received accommodation entries to the tune of Rs.4.81 crore from shell companies against cash transferred to Kolkata-based entry operators through Hawala route.
The companies are - Akinchan Developers Pvt Ltd, Indo Metal impex Pvt Ltd, Paryas Infosolutions Pvt Ltd, Manglayatan Projects Pvt Ltd, JJ Ideal Estate Pvt Ltd.
These companies belonged to Swati Jain, Sushila Jain and Indu Jain. Rs 4.81 crore was used for direct purchase of land or for the repayment of loans taken for the purchase of agricultural land in and around Delhi.
