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2 Crore Money, Gold Cash Discovered In Raids Linked To Arrested Delhi Minister

Greater than Rs 2 crore money and gold weighing 1.8 kg have been seized throughout searches by the Enforcement Directorate (ED) in a cash laundering case linked to Delhi Minister Satyendar Jain.

The searches have been carried out on Monday.

Rs 2.23 crore was seized from the premises of M/s Ram Prakash Jewellers Ltd, mentioned the probe company, which probes monetary crimes.

The company mentioned Vaibhav Jain, Ankush Jain, Naveen Jain are the Administrators of Ram Prakash Jewellers Ltd they usually “straight or not directly assisted Satyendra Jain in cash laundering”.

“As per CBI’s case, Satyendar Jain, Ankush Jain and Vaibhav Jain have been Administrators of 4 corporations (corporations allegedly used to launder cash) and Satyendra Jain resigned as Director of those corporations after changing into Minister within the Delhi Authorities,” it mentioned.

The Delhi Minister has been within the ED custody since June 1.

The raids, together with that on the residential premises of Mr Jain in Delhi and sure different places, are being carried out as a part of a “comply with up” within the case, officers mentioned. The probe company has been given custody of Mr Jain until June 9.

Mr Jain was arrested after the Enforcement Directorate in April this 12 months connected immovable properties price Rs 4.81 crore within the cash laundering case associated to a Kolkata-based firm.

The probe company had registered a felony case in opposition to the AAP chief based mostly on a FIR lodged by the CBI during which it had been alleged that Mr Jain couldn’t clarify the supply of funds obtained by 4 corporations during which he was a shareholder.

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The probe company claims Mr Jain floated or purchased a number of shell corporations in Delhi and laundered black cash price Rs 16.39 crore by way of them.

Mr Jain’s arrest triggered a recent warfare between the Aam Aadmi get together and the BJP-ruled central authorities with Delhi Chief Minister Arvind Kejriwal alleging that the case was “utterly false”.


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