Home Ministry sanctions prosecution of Delhi minister Satyendra Jain in DA and money laundering case

Satyendra Jain will be prosecuted in disproportionate asset and money laundering cases

The Ministry of Home Affairs has sanctioned prosecution of Delhi minister Satyendra Jain in a disproportionate asset and money laundering case. In August last year, Central Bureau of Investigation (CBI) had registered a case against the AAP leader accusing him of acquiring assets disproportionate to his known sources of income.

It is alleged that Jain floated several shell companies in Delhi which did not have any real business. Some of these companies are  M/s Akichan Developers Private Limited, M/s Indo Metal Impex Private Limited, M/s Paryas Infosolutions Private Limited and M/s Manglayatan Projects Private Limited, which were launched between 2009 and 2011. Jain had laundered black money of ₹16.39 crore from hawala operators through 54 shell companies, according to the case.

Jain is alleged to have laundered unaccounted cash through the hawala operators and received cheques of an equal amount from them. He also purchased land in the name companies owned by him including black money. It is alleged that he purchased lands near unauthorised colonies in Delhi.

- Advertisement - - Article resumes -

Jain was also prosecuted under Prohibition of Benami Property Transaction Act, 1988 (PBPT Act), and after the investigation was over and it was established that Satyendra Jain was the owner of the shell companies, the shares of the companies and the land owned by them was attached. After that, Jain had declared an income of ₹16.39 crore under the Income Declaration Scheme and had paid the tax on it.

While investigating the source of this black money, hawala operations and use of cash for land purchase were detected, and cases were registered by CBI accordingly.

Reacting to this development, Satyendra Jain tried to suggest that he was being prosecuted for regularising unauthorised colonies, and not for money laundering allegations.

Talking to media, he said that regularising unauthorised colonies was part of AAP manifesto and he was doing just that.

Share and Support:
Support OpIndia by paying for content

Most read articles recently

Here is why BJP lost elections, and of course, it was deliberate

What BJP supporters need to realise is this - no political party ever wants to lose and least of all, a party led by the two most politically aggressive politicians the country has ever seen.

India cannot turn into Islamic Nation, only Modi can understand gravity and do needful: Meghalaya HC

There should be uniform law for all Indian citizens, and anybody opposing the Indian laws and constitution cannot be considered as citizens of the country, Meghalaya High Court noted

BJP’s real woes: Lessons from the electoral semi-finals

The prolonged silence of Prime Minister Narendra Modi and BJP President Amit Shah on election results was very telling. The results were clearly unexpected and possibly led to prolonged internal discussions on the future course of action.
It is time for Congress and Gandhi Family mukt Bharat

Why Congress-mukt Bharat is still very much in progress

It is time BJP supporters understand the meaning of the term 'Congress-mukt Bharat'.

Can the BJP satisfy its online supporters? If only it were Congress

BJP supporters online, also known as the ‘right wing’, are first to attack the party and write it off after electoral setbacks.

BJP may be weaker than it was in 2014, but Congress is not as strong as projected either

If Congress has not forgotten the 1996 elections, they would very well know they are on a sticky wicket here.

Mayawati extends support to Congress for Madhya Pradesh, may consider Rajasthan ‘to keep BJP out of power’

She said to defeat BJP in Rajasthan, too, BSP will extend support to Congress.

Has PM Modi sounded the start of slog overs with the new RBI Governor’s appointment

Shaktikanta Das, who is currently a member of The Finance Commission and Former Finance Secretary (the one who presided over Demonetisation), has been appointed as the new RBI Governor by the Modi government

Madhya Pradesh: Twitterati showers praises at Shivraj Singh Chouhan as he gracefully concedes defeat

The BJP stalwart, Shivraj Singh Chouhan took the sole responsibility for the BJP’s defeat in the Madhya Pradesh Assembly elections.

Demystifying Civil Society: Organization linked to ‘Urban Naxals’ wants schools to teach ‘Human Rights Education’

Federation for Human Rights (FPR) urged the government of Puducherry to introduce "Human Rights Curriculum" in the school curriculum in the Union Territory.

Latest articles

Connect with us


Don't miss these