The Enforcement Directorate (ED) has taken the family of Aam Aadmi Party (AAP) Minister Satyendar Jain’s home and other properties worth 4.81 crores, the federal government said on Tuesday.
It’s said that the attached real estate is owned by Akinchan Developers and Indo Metal Impex Pvt Ltd, as well as JJ Ideal Estate and Swati Jain and Sushila Jain and Indu and Sushila Jain. In a case where there were too many assets, the ED added to the case.
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The ED has also started a money laundering case against Satyendar Kumar Jain and other people under Section 109 of the Indian Penal Code and Section 13(2) and Section 13(1) (e) of the Prevention of Corruption Act.
“The ED investigation found that during the 2015-16 fiscal year, when Satyendar Kumar Jain was a public servant, the above-mentioned entities beneficially owned and managed by him got accommodation entries worth Rs. 4.81 crore from shell companies in exchange for funds provided to Kolkata-based entry operators via the hawala route. These funds were used to buy land or pay off loans taken out to buy land for farming in and around Delhi, “ED said.
Land worth a total of 4.81 crores belonging to the companies mentioned above or individuals has been temporarily attached as per Section 5 of the PMLA 2002, according to a news release from the Indian government.
In this scenario, more inquiry is underway.
