New Delhi [India]: Enforcement Directorate (ED) on Monday jailed Delhi Health Minister Satyendar Jain about claimed hawala purchases associated with a Kolkata-based company.
Jain was jailed after a special ED team raided his location in Delhi. Besides, Residence as well as Health and wellness, Jain holds portfolios of Power, PWD, Industries, Urban Development as well as Flooding as well as Irrigation and Water in the Aam Aadmi Party-led Delhi government.
The action followed the ED in April this year connected unmovable properties worth Rs 4.81 crore had by business named Akinchan Developers Pvt. Ltd, Indo Steel Impex Pvt Ltd, and others under the Prevention of Cash Laundering Act, 2002 in connection with the out of proportion possession as well as cash laundering situation signed up Jain, his partner Poonam Jain, and others.
It may be remembered that on August 25, 2017, the Central Bureau of Examination (CBI) had submitted an FIR against Jain in a cash laundering case.
The ED had signed up a criminal instance versus the AAP leader based upon this FIR in which it had actually been alleged that Jain could not describe the source of funds received by 4 firms in which he was a shareholder.
Jain had actually apparently drifted or acquired a number of shell business in Delhi. He likewise purportedly laundered black money worth Rs 16.39 crore through 54 covering companies of 3 hawala drivers of Kolkata.
Jain purportedly had a lot of shares in business named Prayas, Indo, and also Akinchan. However, after ending up being Minister in Kejriwal’s government, all his shares were transferred to his better half in 2015, according to records.
These business used to transfer cash payments to their Kolkata counterparts and these companies would certainly later on, under the sham of purchasing shares, “course back the money” to Jain by utilizing legal ways. The business have supposedly laundered cash to the tune of Rs 16.39 crores from 2010 to 2014 to Satyendra Jain.