The Enforcement Directorate (ED) on Monday conducted searches at the residence of Delhi’s Health and Home Minister Satyendar Jain in connection with hawala transactions related to a Kolkata-based company.
The move comes days after the central probe agency arrested Jain on May 30. Jain will be under the custody of ED till June 9.
Jain was arrested after the ED in April 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 under the Prevention of Money Laundering Act, 2002 in connection with disproportionate asset and money laundering case registered Jain, his wife Poonam Jain, and others.
The ED had registered a criminal case against the AAP leader based on this FIR which was lodged by the CBI in which it had been alleged that Jain could not explain the source of funds received by four companies in which he was a shareholder.
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.
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