ED Attaches ₹7.44 Cr Assets Linked to Ex-Delhi Minister
- ED attaches properties worth ₹7.44 crore linked to Satyendra Jain
- Action taken under PMLA in ongoing money-laundering probe
- Total attachments rise to ₹12.25 crore, matching alleged assets
- CBI FIR in 2017 accused Jain of disproportionate assets as minister
- Cash deposits of ₹7.44 crore made post-demonetisation in 2016
GG News Bureau
New Delhi, 23rd Sept: The Enforcement Directorate (ED) has provisionally attached immovable properties worth ₹7.44 crore belonging to companies allegedly controlled by former Delhi minister Satyendra Kumar Jain, escalating its money-laundering probe.
The attachment, carried out on September 15 under the Prevention of Money Laundering Act (PMLA), follows a 2017 CBI FIR accusing Jain of amassing disproportionate assets between February 2015 and May 2017 while serving in the Delhi government. The CBI filed a chargesheet in 2018 against Jain, his wife Poonam Jain, and others.
Investigators said close associates Ankush Jain and Vaibhav Jain deposited ₹7.44 crore in cash after demonetisation in 2016, paying it as advance tax under the Income Disclosure Scheme and claiming ownership of assets worth ₹16.53 crore across four firms—Akinchan Developers, Prayas Infosolutions, Mangalayatan Projects, and Indo Metal Impex.
Courts, including the Delhi High Court and Supreme Court, later ruled the assets were actually held for Satyendra Jain.
The ED had earlier attached properties worth ₹4.81 crore in March 2022. With the latest action, total attachments now stand at ₹12.25 crore, representing the entire value of the alleged disproportionate assets.
A supplementary prosecution complaint is expected as the trial continues in the Rouse Avenue Court, New Delhi.
