Sunday, June 23, 2024

Bundles of cash, gold coins and biscuits: ED raid on Satyendar Jain & his aides

Bundles of cash was recovered by the Enforcement Directorate after the raids at the properties of Satyendar Jain and his aides as a follow-up in the money-laundering case against him. 

A television channel has accessed pictures of the stunning recoveries made at those raids. Bundles of cash worth Rs 2.85 crores, along with 133 gold coins and biscuits, weighing about 1.8 kg are among the recoveries from alleged aides and business partners of Jain who continues to be a minister in the Delhi government. 

As per inputs:

  • Rs 2.23 crore cash has been recovered from Ram Prakash Jewellers
  • Rs 41.5 lakh, and 133 Gold Coins weighing 1.8 kgs from Vaibhav Jain
  • Rs 20 lakh from GS Matharoo

In a big blow for the Arvind Kejriwal-led government, the ED arrested senior AAP leader Satyendar Jain on May 30. The ED recorded an Enforcement Case Information Report (ECIR) against the Delhi minister and others on 30 August 2017, based on the CBI’s disproportionate assets case registered earlier. 

Probe documents allege that money laundering in the case took place through three hawala operators based in Kolkata. 

The name of five paper companies ‘owned and controlled by Shri Jain with the help of Poonam Jain, his wife;  Swati Jain, wife of Vaibhav Jain; Sushila Jain, wife of Ajit Prasad Jain; and Indu Jain, wife of Sunil Jain – Prayas Infosolutions Pvt. Ltd., Indo Metal Impext Pvt. Ltd., J.J. Ideal Estate Pvt. Ltd., Akinchan Developers Pvt. Ltd. and Mangalyatan Projects Pvt. Ltd.- all registered in Delhi, has also been mentioned in key case documents of ED and also in the IT Dept order. 

“It has been proved that following companies controlled by Shri Satyendra Kumar Jain had received Hawala entries totaling to Rs. 16.39 crore from 56 paper companies of three hawala entry operators located in Kolkata namely Shri Jivendra Mishra, Shri Abhishek Chokhani and Shri Rajendra Bansal,” the ED documents allege.

In the documents, there is a mention of Jain allegedly purchasing 200 bighas of land in Karala, Auchandi, Nizampur, Budham, north and north-west area of Delhi from FY 2010-11 to FY 2013-14. The investment in agricultural land was allegedly made out of proceeds of money laundered through paper companies, as mentioned. 

Last Tuesday, Special CBI Judge Geetanjali Goel remanded him to ED custody till June 9. The lower court Judge had, however, allowed the presence of counsel, at a distance during the interrogation. The allowance was challenged by the agency in the Delhi High Court. Justice Yogesh Khanna observed that when there is credible material to indicate the live apprehension of a possible threat at the time of recording of statement, and put on stay the order of Judge Geetanjali Goel. 

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