Multiple locations linked to Satyendar Jain across Delhi-NCR raided in money laundering probe

The enforcement directorate on Friday raided several places in Capital as part of a money laundering probe against Delhi minister Satyendar Jain.About 10 residential and business locations, including the premises owned by promoters of a prominent Delhi school, were searched.Its promoters and directors are being questioned because of their ties to the Jain case.

Jain, 57, was arrested by the ED on May 30 under the criminal sections of the Prevention of Money Laundering Act (PMLA) and is in judicial custody at present.Officials from the Department of Education have yet to respond to this.On the basis of a FIR filed by the CBI in 2017 under section 13(2) read with 13(1)(e) of the PC Act, 1988, the ED launched a money laundering investigation against Jain, his wife Poonam Jain, and Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain, and Ankush Jain.On December 3, 2018, the CBI filed a charge sheet against Jain, his wife Poonam Jain, and other defendants. Jain was accused of amassing assets that were disproportionate to his known sources of income while serving as a Minister in the Delhi government from February 14, 2015 to May 31, 2017.On March 31, 2022, the ED had temporarily attached immovable properties worth Rs 4.81 crore that were beneficially held and controlled by Jain.(Inputs from IANS)