The Central Bureau of Investigation on Monday filed a charge-sheet in Delhi’s Patiala House court mentioning Delhi minister Satyendra Jain, his wife Poonam Jain and his Business associates Ajeet Prasad Jain, Vaibhav Jain, Sunil Jain and Ayush Jain in a case related to disproportionate assets.
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On August 25, 2017, CBI had filed an FIR against Satyendra Jain in a money laundering case. Jain had reportedly floated or bought several shell companies in Delhi. He also laundered black money worth Rs 16.39 crore through 54 shell companies of three hawala operators of Kolkata. Satyendra Jain owned a large number of shares in companies named Prayas, Indo, and Akinchan. However, after becoming Minister in Kejriwal government, all his shares were transferred to his wife in 2015.
We had earlier reported how after laundering of unaccounted cash and receipt of equivalent amounts in cheques through hawala operators and by using black money in the form of unaccounted cash, more than 200 bhigha of agricultural land was bought in names of companies acquired by Jain in the region close to the unorganized colonies located in Karala, Auchandi, Nizampur, Budhan, North and North-West area of Delhi.
These companies used to transfer cash payments to their Kolkata counterparts and these companies would later, under the ruse of buying shares, would route back the money to Jain employing legal means. The companies have reportedly laundered money to the tune of Rs 16.39 crores from 2010 to 2014 to Satyendra Jain.
As per government sources, When prosecuted by the I-T Department, Jain surrendered black money in form of cash of Rs 16.39 crore under Income Disclosure Scheme (IDS) 2016 on benami names of Vaibhav Jain and Ankush Jain.
Last week, the Home Ministry had approved prosecution of Delhi minister Satyendra Jain in cases related to disproportionate assets and money laundering.