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    ED seizes Rs 2.85 crore cash, 1.80 kg gold during raids at premises of Satyendar Jain, others

    ED seizes Rs 2.85 crore cash, 1.80 kg gold during raids at premises of Satyendar Jain, others

    ED seizes Rs 2.85 crore cash, 1.80 kg gold during raids at premises of Satyendar Jain, others
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    By CNBCTV18.com  IST (Updated)

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    The ED conducted raids against Jain as part of a money-laundering probe linked to an alleged hawala dealings case being conducted against him, officials had said. The raids, including that at the residential premises of Jain in Delhi and other locations, are being conducted as part of a "follow up" in the case, they said.

    The Enforcement Directorate (ED) on Tuesday seized cash amounting to Rs 2.85 crore, 133 gold coins weighing 1.80 kg from unexplained sources besides incriminating documents, and digital records during raids at the premises of arrested Delhi Minister Satyendra Jain and others.
    The ED conducted raids against Jain as part of a money-laundering probe linked to an alleged hawala dealings case being conducted against him, officials had said. The raids, including that at the residential premises of Jain in Delhi and other locations, are being conducted as part of a "follow up" in the case, they said.
    Jain, 57, was arrested on May 30 under the criminal sections of the Prevention of Money Laundering Act (PMLA) and he is in ED custody till June 9. The agency is understood to have found some new evidence and links after it questioned Jain and some alleged hawala operators over the last few days.
    The AAP termed as a "lie" the ED's claims about seizure of cash and valuables during raids at Delhi minister Satyendar Jain's premises and accused the agency of trying to implicate him in a false case at the behest of Prime Minister Narendra Modi.
    The party claimed that though the Enforcement Directorate's sleuths did not find any proof against Jain at his residence, rumours were spread about recovery of "unexplained" cash and gold coins during the raids, with the agency falsely linking the money and assets of "various people" with the minister after showing them as his associates to somehow implicate him in the case.
    Delhi Chief Minister Arvind Kejriwal hit out at Prime Minister Narendra Modi saying he is acting against the Aam Aadmi Party.
    "At this time, the prime minister is after the Aam Aadmi Party with all his power, especially the governments of Delhi and Punjab. Lie after lie, lie after lie," Kejriwal tweeted in Hindi. "You (PM) have the power of all the agencies but God is with us," he added.
    Addressing a press conference at the party headquarters, AAP chief spokesperson Saurabh Bharadwaj alleged that the ED has resorted to making "twisted and false" claims about its finding during raids to save its face and defame Jain as the agency sleuths got nothing incriminating against him while carrying out search and seizure procedure at his residence.
    "The ED's raid at Satyendar Jain's residence was a complete failure. Only Rs 2.79 Lakh were found by the ED, which could not be seized as every penny was accounted for," he said, showing a copy of the agency's seizure memo.
    In April, the ED had attached assets worth Rs 4.81 crore of Jain's family and companies "beneficially owned and controlled" by him as part of the probe.
    The probe found that "during 2015 and 2016, when Satyendar Kumar Jain was a public servant, the companies beneficially owned and controlled by him received accommodation entries to the tune of Rs 4.81 crore from shell (paper) companies against cash transferred to Kolkata-based entry operators through the hawala route". "These amounts were utilised for direct purchase of land or for repayment of loan taken for the purchase of agricultural land in and around Delhi," the ED said. The named persons in the attachment order are associates and family members of Jain, officials had said.
    The money laundering case against the AAP minister stems from an August 2017 FIR filed by the Central Bureau of Investigation (CBI) against him and others on charges of alleged possession of disproportionate assets. A charge sheet was filed by the CBI in December 2018 stating that the alleged disproportionate assets were valued at Rs 1.47 crore, about 217 percent more than his known sources of income, during 2015-17.
    The Income Tax Department too had probed these transactions and had issued an order attaching "benami assets" allegedly linked to Jain.
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