The Enforcement Directorate (ED) detained two additional Satyendar Jain colleagues on Friday in connection with an alleged money laundering investigation.

Ankush Jain and Vaibhav Jain have been named as these individuals’ in connections with Satyendar Jain. After being interrogated, they were taken into custody. Ankush and Vaibhav will both be presented at a later date in a special ED court.

Almost a month after Satyendar Jain’s arrest by the ED, the action was taken. On May 30, the Delhi Minister was detained.

Among those supporting the Aam Aadmi party leader in the money laundering case are Ankush Jain and Vaibhav Jain.

The ED has informed them that in addition to them, Yogesh Kumar Jain, the father-in-law of Ankush Jain, Naveen Jain, and Siddharth Jain, Directors of Ram Prakash Jewellers Pvt Ltd, G S Matharoo, Chairman of Lala Sher Singh Jivan Vigyan Trust, which manages the Prudence Group of Schools, and Lala Sher Singh Jivan Vigyan Trust are also under investigation.

The ED conducted a day-long operation at various locations throughout Delhi and the National Capital Region on June 6 and confiscated 2.85 crore in cash and 133 gold coins weighing 1.80 kg from Satyendra Jain’s assistants.

During these raids, the FBI also confiscated a number of digital records and incriminating documents.

The ED continued by stating that all movable assets were “discovered to be concealed” within the searched premises and were taken from a “unexplained source.”

The assets were taken during a search conducted in accordance with the Prevention of Money Laundering Act (PMLA), 2002, at the residences of Satyendar Jain, his wife Poonam Jain, and his accomplices as well as other people who had either directly or indirectly helped him or participated in the money laundering processes.

The assets were taken during a search conducted in accordance with the Prevention of Money Laundering Act (PMLA), 2002, at the residences of Satyendar Jain, his wife Poonam Jain, and his accomplices as well as other people who had either directly or indirectly helped him or participated in the money laundering processes.

In order to alienate the property and thwart the confiscation procedure, one accomplice member of the Lala Sher Singh Jivan Vigyan Trust produced accommodation entries for the transfer of land from a firm that was beneficially owned by Satyendar Jain to family members of accomplices.

Against Satyendar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain, and Ankush Jain, the Central Bureau of Investigation (CBI) filed a First Information Report on August 24, 2017, in accordance with Section 13(2) r/w 13(1)(e) of the Prevention of Corruption Act, 1988. This information was the basis for the ED’s decision to launch a money-laundering investigation.

On December 3, 2018, the CBI submitted a chargesheet for Satyendar Kumar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain, and Ankush Jain.

In the charge sheet, it is claimed that between February 14, 2015, and May 31, 2017, while Satyendar Jain was serving as a Minister in the Delhi government, he amassed assets that were out of proportion to his known sources of income.

Satyendar Kumar Jain and others have been charged by the CBI with violating the Prevention of Corruption Act, 1988.

In connection with the disproportionate asset and money laundering case filed against Jain, his wife Poonam Jain, and others, the ED in April of this year attached immovable properties worth Rs. 4.81 crore owned by companies named Akinchan Developers Pvt. Ltd., Indo Metal Impex Pvt. Ltd., and others. Jain was then detained.

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