Kejriwal’s minister accused of laundering money via Hawala operations

Delhi’s Health Minister ‘Satinder‘ Jain’s political health seems to have received another blow after he received another IT notice in a Hawala case. The notice was issued to him on 26th December by an Additional Commissioner based in Delhi.

He was previously issued summons in September after the companies in which he held substantial equities, were found to have link with Kolkata firms under investigation for Black Money.

According to Dainik Jagaran, companies named Paryas Infosolutions, Indo Metallmpex, Akinchan Developers, Ideal Estate, and Manglayatan were involved in buying 200 acres of land during the 2010-14 period using hawala money. These plots were located around North-West Delhi near unauthorized dwellings, and were purchased in the hope that the price would increase whenever the colonies get regularized.

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In one of our earlier articles, we had established the fact that Satyendra Jain held substantial shares in companies named Prayas, Indo, and Akinchan. However, all his shares were transferred to his wife in 2015 after he became Minister in the Kejriwal government.

As reported here, these companies used to send cash to their Kolkata counterparts and these Kolkata based companies would later, under the pretext of buying shares, would route back the amount using legal financial means. In total the companies related to Satyendra reportedly laundered money to the tune of  16.39 crores from 2010 to 2014.

Apart from the Hawala fiasco, the possibility of conflict of interest arises against Satyendra Jain due to the fact that his shares in the companies are still in the family and the colonies haven’t been regularized yet, as revealed by the Company Representative of  Indo Metallmpex to the IT Officials in 2015.

Incidentally the Kejriwal government is in favour of regularizing colonies and had announced its intention to regularize 495 colonies in 2015.

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