The Enforcement Directorate (ED) on Friday said a Special PMLA Court here has taken cognizance of the Prosecution Complaint (chargesheet) filed on Wednesday by the agency against Delhi Minister Satyendar Kumar Jain, wife Poonam Jain and others on money laundering charges.
Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain, Ankush Jain and Satyendar Jain’s companies Akinchan Developers Pvt. Ltd, Paryas Infosolutions Pvt Ltd, Mangalayatan Developers Pvt. Ltd and JJ Ideal Estate Pvt. Ltd.
The ED initiated money laundering investigation on the basis of a CBI FIR dated August 24, 2017 against Satyendar Kumar Jain and others under the the Prevention of Corruption Act and the Indian Penal Code (IPC). The ED probe revealed that during 2015-16, when Satyendar Kumar Jain was a public servant, the four 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. These amounts were utilized for direct purchase of agricultural land or for the repayment of loans taken for purchase of agricultural land in and around Delhi.
“The accused persons were therefore found to be involved in activity connected with “Proceeds of Crime” generated as a result of criminal activity related to scheduled offence and thereby have committed offences of Section 3 of Prevention of Money Laundering Act (PMLA),” the ED said in a statement.
On March 31 this year, the ED had provisionally attached immovable properties worth Rs 4.81 crore belonging to Akinchan Developers Pvt. Ltd. , Indo Metalimpex Pvt Ltd, Paryas Infosolutions Pvt. Ltd., Mangalayatan Projects Pvt. Ltd., JJ Ideal Estate Pvt. Ltd. , Swati Jain, wife of Vaibhav Jain, Sushila Jain, wife of Ajit Prasad Jain, Indu Jain, wife of Sunil Jain under PMLA.
In this case, Satyendar Kumar Jain was arrested on May 30, and Vaibhav Jain and Ankush Jain were arrested on June 30 on money laundering charges. These three accused are currently undergoing judicial custody.