The agency in April this year had provisionally attached assets worth Rs 4.81 crores linked to Aam Aadmi Party (AAP) Minister Satyendar Kumar Jain.
The federal agency has attached immovable properties belonging to M/s Akinchan Developers Pvt. Ltd; M/s Indo Metal impex Pvt Ltd; M/s Paryas Infosolutions Pvt. Ltd; M/s Manglayatan Projects Pvt. Ltd; M/s J.J. Ideal Estate Pvt. Ltd; Swati Jain wife of Vaibhav Jain; Sushila Jain wife of Ajit Prasad Jain; Indu Jain wife of Sunil Jain under Prevention of Money Laundering Act(PMLA),2002 in a disproportionate assets case.
The ED has alleged that its investigation has revealed that during the period 2015-16, when Satyendar Kumar Jain was a public servant, the aforementioned companies “beneficially owned and controlled by him” received accommodation entries to the tune of Rs 4.81 crores from shell companies against cash transferred to Kolkata based entry operators through hawala route, the agency said in a statement on Tuesday.
The statement further said “these amounts were utilized for direct purchase of land or for the repayment of loan taken for purchase of agricultural land in and around Delhi”.
The agency further said that “accordingly, immovable properties worth Rs. 4.81 Crore in the form of land belonging to the above-mentioned companies/individuals have been provisionally attached” under relevant sections of the PMLA.
The ED had initiated a money laundering probe on the basis of a criminal case registered by the Central Bureau of Investigation (CBI) in August 2017 against Delhi Cabinet Minister Satyendar Kumar Jain and others under the provisions of Section 109 of Indian Penal Code (abetment by a public servant) and relevant sections of the Prevention of Corruption Act.