Satyendar Jain: ED likely to seek extension in Satyendar Jain’s custody after recovery of Rs 2.82 crore and 133 gold coins | Delhi News

NEW DELHI: The Enforcement Directorate (ED) on Thursday got the custody of AAP Minister Satyendar Jain‘s till June 13 after the recovery of Rs 2.82 crore and 133 gold coins during raids at his premises.
Jain, who was arrested by the Enforcement Directorate (ED) on May 30 in connection with a Prevention of Money Laundering case pertaining to disproportionate assets, was produced before the Rouse Avenue Court in Delhi.
Meanwhile, Jain has filed a bail application through his lawyer in court.
“During the raid we have recovered a number of things and we have to confront him with the people whose houses were raided,” ED source told a news agency.
On Wednesday, Union women and child development Minister Smriti Irani had slammed chief minister Arvind Kejriwal seeking his reply Satyendar Jain.
“I asked ten questions to Kejriwal ji around 12.30pm on June 1. The eleventh question was whether Kejriwal ji still think that Satyendar Jain did not do theft. Does Kejriwal believe that Satyendar Jain keeps no black money? Does he believe that Jain is innocent?,” she said.
The ED had recently conducted raids at multiple locations in this matter belonging to Jain and his known persons, including relatives. This had led to the recovery of cash Rs 2.85 crore and 133 gold coins weighing 1.80 kg.
The ED had said that it conducted a search operation on June 6 at the premises of Jain, his wife and accomplices who had either directly or indirectly assisted him or participated in the processes of money laundering.
“We conducted raids at the premises belonging to Ankush Jain, Vaibhav Jain, Naveen Jain and Siddharth Jain, the Directors of Ram Prakash Jewellers Pvt Ltd, G.S. Matharoo, Chairman of Lala Sher Singh Jivan Vigyan Trust, which runs Prudence Group of Schools, Yogesh Kumar Jain, Director in Ram Prakash Jewellers Pvt Ltd, father-in-law of Ankush Jain and Lala Sher Singh Jivan Vigyan Trust,” the ED official had said.
During the search various incriminating documents and digital records were seized. The cash amounting to Rs 2.85 crore and 133 gold coins weighing 1.80 kg in total from unexplained source were found in the said premises and were seized under PMLA.
The ED had initiated money laundering investigation on the basis of the FIR registered by the CBI in 2017 under section 13(2) read with 13(1)(e) of the PC Act, 1988 against Jain his wife Poonam Jain, and Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain.
The CBI had filed a charge sheet on December 3, 2018 against Jain, his wife Poonam Jain, and other accused. It was alleged in the charge sheet that Jain while holding the office as a Minister in the Government of Delhi, during the period February 14, 2015 to May 31, 2017 had acquired assets which were disproportionate to his known sources of income.
The CBI has accused Jain, his wife and other accused for commission of offences under the Prevention of Corruption Act.
Earlier, the ED had provisionally attached the immovable properties worth Rs 4.81 crore belonging to companies beneficially owned and controlled by Jain on March 31.
Jain was placed under arrest on May 30 by the ED under sections 19 of the PMLA. Further investigation in the matter is on.
– With inputs form IANS

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