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ED likely to register a fresh money laundering case against AAP Minister Satyendra Jain

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OpIndia Staff
Staff reporter at OpIndia

Trouble doesn’t seem to be going away for controversial AAP Minister Satyendra Jain, after it was reported today that the Enforcement Directorate is likely to register a fresh money laundering case against him:

This development comes days after we reported how the CBI had filed an FIR against him and reached his residence for a search with regards to the ongoing money laundering case against him. This FIR had come after the CBI had registered a preliminary inquiry against Satyendra Jain in April.

As per Times Now the ED would register the case on the back of the CBI FIR and would be making that the predicate offence. Thus a fresh money laundering case would be registered for:

Acquiring assets not held in the individual’s name, or the assets for which money has not been properly accounted to the Income Tax authorities and has never been made part of the accounted and announced wealth of the individual

Also the ED would reportedly soon be starting that probe.

Satyendra Jain has been embroiled in money laundering cases since September of last year when he was 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 reports, 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 unauthorised dwellings, and were purchased in the hope that the price would increase whenever the colonies get regularised.

It has since been reported that Jain had held substantial shares in the companies named Prayas, Indo, and Akinchan. However, all his shares were transferred to his wife in 2015 after he had become a minister in the AAP government.

Today apart form the money laundering case, Jain somewhat suffered another “blow” after rebel AAP leader Kapil Mishra released a book named Bunty, Bubbly and Kejriwal which reportedly claims to explain the “scam” perpetrated by Satyendra Jain and his wife:


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