ANIThe Enforcement Directorate (ED) said on Tuesday that it provisionally attached assets worth '4.81 crore linked to Aam Aadmi Party leader and Delhi minister Satyendar Kumar Jain in connection with an ongoing money-laundering probe.
The federal agency has attached immovable properties belonging to five companies - Akinchan Developers Pvt Ltd, Indo Metal impex Pvt Ltd, Paryas Infosolutions Pvt Ltd, Manglayatan Projects Pvt Ltd and JJ Ideal Estate Pvt Ltd - and three individuals under the Prevention of Money Laundering Act, 2002 in a disproportionate assets case.
During 2015-16, when Jain was a public servant, these companies "beneficially owned and controlled by him" received accommodation entries totalling '4.81 crore from shell companies against cash transferred to Kolkata-based entry operators through hawala routes, the agency said in a statement.
"These amounts were utilised for direct purchase of land or for the repayment of loan taken for purchase of agricultural land in and around Delhi," it said. "Accordingly, immovable properties worth '4.81 crore in the form of land belonging to the above-mentioned companies/individuals have been provisionally attached..."
The ED had initiated the money-laundering probe on the basis of a criminal case registered by the Central Bureau of Investigation in August 2017 against Jain and some others under Section 109 of Indian Penal Code (abetment by a public servant) and the Prevention of Corruption Act.
Jain is accused of floating or acquiring several shell companies in Delhi during 2009-2011. He is also accused of laundering black money of '16.39 crore during 2011-2016 through 54 shell companies of three hawala operators in Kolkata.
He has then allegedly received equivalent amounts in cheques through hawala operators, and used the money to purchase agricultural land in the names of companies controlled by him in the vicinity of unorganised colonies in the past five years.
The CBI in May 2018 had registered another case against Jain and SK Srivastava, the then engineer-in-chief of PWD-Delhi, investigate alleged irregularities in the hiring of creative teams in PWD. The department had allegedly hired 24 architects for a creative wing through an agency, which reportedly lacked any prior experience.
The federal agency has attached immovable properties belonging to five companies - Akinchan Developers Pvt Ltd, Indo Metal impex Pvt Ltd, Paryas Infosolutions Pvt Ltd, Manglayatan Projects Pvt Ltd and JJ Ideal Estate Pvt Ltd - and three individuals under the Prevention of Money Laundering Act, 2002 in a disproportionate assets case.
During 2015-16, when Jain was a public servant, these companies "beneficially owned and controlled by him" received accommodation entries totalling '4.81 crore from shell companies against cash transferred to Kolkata-based entry operators through hawala routes, the agency said in a statement.
"These amounts were utilised for direct purchase of land or for the repayment of loan taken for purchase of agricultural land in and around Delhi," it said. "Accordingly, immovable properties worth '4.81 crore in the form of land belonging to the above-mentioned companies/individuals have been provisionally attached..."
The ED had initiated the money-laundering probe on the basis of a criminal case registered by the Central Bureau of Investigation in August 2017 against Jain and some others under Section 109 of Indian Penal Code (abetment by a public servant) and the Prevention of Corruption Act.
Jain is accused of floating or acquiring several shell companies in Delhi during 2009-2011. He is also accused of laundering black money of '16.39 crore during 2011-2016 through 54 shell companies of three hawala operators in Kolkata.
He has then allegedly received equivalent amounts in cheques through hawala operators, and used the money to purchase agricultural land in the names of companies controlled by him in the vicinity of unorganised colonies in the past five years.
The CBI in May 2018 had registered another case against Jain and SK Srivastava, the then engineer-in-chief of PWD-Delhi, investigate alleged irregularities in the hiring of creative teams in PWD. The department had allegedly hired 24 architects for a creative wing through an agency, which reportedly lacked any prior experience.
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