Arvind Kejriwal’s Minister Satyendar Jain, who was arrested by the Enforcement Directorate on charges of money laundering, has allegedly laundered over Rs 16 crore. Along with his family, two other Jain families are under the ED’s scanner for being part of this extensive conspiracy.
The Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) have accused Satyendar Jain of using his family members, including his two daughters, to mislead the probe agencies.
According to the probe report, accessed by India Today TV, Satyendar Jain’s wife and two daughters received crores in the garb of businesses from companies linked to Satyendar Jain.
Satyender Kumar Jain, his family and friends had control, stakes and share holdings in four Delhi-based companies, the report said. Jain was one of the directors of three of the four firms before becoming part of the Delhi government. However, his family members continued to hold shares in all the four companies.
Also Read: | Delhi Health Minister Satyendar Jain arrested by ED in money laundering case
“These companies have laundered money to the tune of Rs 16.4 crore during the period from 2011-2016, including Rs 4.61 crore in 2015-2016 when Jain was a public servant. This amount belongs to Satyender Kumar Jain, his family members and the families of his business associates, Ajit Prasad Jain and Sunil Kumar Jain,” the probe report reads.
The agencies have also alleged that Satyendar Jain held active control over the accused companies, even though he had technically resigned from the directorship before contesting the Delhi elections in December 2013.
“He had control of the companies through his wife as director of Paryas Infosolutions Pvt. Ltd. and also by maintaining 1/3rd of the shareholding in the name of his wife, family members, relatives and friends in the companies. Similarly, the families of Ajit Prasad Jain and Sunil Kumar Jain also had 1/3rd of the shareholding in the above companies. Satyender Jain and his business associates provided the amount in cash to Kolkata-based entry operators,” reads the report.
The entry operators then re-routed the money through investment in shares of the companies of which Satyendar Jain was director of, the report added.
Also Read: | ED can question Satyendar Jain without lawyer’s presence, says Delhi High Court
In March 2016, 1.5 lakh shares of Manglayatan Project Pvt. Ltd. were sold by Satyendar Jain’s wife Poonam to a Kolkata-based shell company for Rs 15 lakh. This, according to the probe agency, established the connection between Satyendar Jain and the Kolkata-based shell company.
In the case of the other companies, the probe report alleged that Satyendar Jain controlled the companies and laundered money through his wife Poonam Jain, daughters Soumya and Shreya.
The investigative agencies have also alleged that the AAP leader’s long-time associates and friends – Ajit Prasad Jain and Sunil Kumar Jain – were allegedly laundering money at the behest of the minister.
Ajit Prasad Jain’s son Vibhav and Sunil Kumar Jain’s son Ankush have also recorded their statements before the agencies.
The report also has details of Satyendar Jain’s daughters allegedly receiving huge amounts of money in their bank accounts without participating in any actual businesses.