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The Enforcement Directorate (ED) said on Tuesday that it had seized Rs 2.85 crore and 133 gold coins during its raids on the home of Delhi Minister Satyendar Jain and his suspected associates as part of a money-laundering investigation in his against. Jain is in ED custody until June 9. The ED statement does not say whose facility the money and gold coins were recovered from.
On Tuesday, the investigative agency shared photos of cash and gold coins that were seized during day-long raids on the premises of Delhi Minister Satyendar Jain and his suspected associates as part of a money-laundering investigation. against him. The ED had searched about 7 premises, including a jeweller's, in Delhi and some neighbouring places on Monday.
In its statement, ED said it had conducted raids “on the premises of Satyendar Kumar Jain and others” during which “various incriminating documents, digital records, cash worth Rs. 2.85 million rupees and 133 gold coins with a total weight of 1.80 kg of unexplained origin were seized.”
The ED said in a statement that the search operation was carried out on Monday at the “premises of Satyendar Kumar Jain/Poonam Jain, and his accomplices and other persons who directly or indirectly assisted him or participated in the money laundering processes. , namely Ankush. Jain, Vaibhav Jain, Naveen Jain and Siddharth Jain (Directors of M/s Ram Prakash Jewelers Pvt Ltd), Sh. G S Matharoo (Chairman of M/s Lala Sher Singh Jivan Vigyan Trust, which runs the Prudence Group of Schools), Yogesh Kumar Jain (Director of M/s Ram Prakash Jewelers Pvt Ltd.), Ankush Jain's father-in-law, and M/s Lala Sher Singh Jivan Vigyan Trust”.
He added: “The investigation revealed that an accomplice member of M/s Lala Sher Singh Jivan Vigyan Trust had provided accommodation tickets for the transfer of land from the beneficial ownership company of Satyendar Kumar Jain to relatives of accomplices in order to alienate the property and thwart the confiscation process.
“Who are others? How have you established money belongs to Jain?” asked one Twitter user.
The Aam Aadmi Party claims that ED detectives did not find any evidence against Jain at his residence. He also accused the agency of falsely linking the money and assets of "several people" to Jain by portraying them as his associates in order to somehow implicate them in the case.
AAP released a document as "proof" that no cash was found at Jain's residence.
AAP leader Sanjay Jha claimed that the ED found nothing during the raid on Jain's house. "Satyendar Jain was questioned but nothing was recovered. ED could not find corruption. When questioned in High Court, they said there was no FIR against Satyendar Jain; why was he arrested then? ED raid was conducted to hide the international insult India is facing," Singh added.
The Aam Aadmi Party (AAP) "the ED did not find anything at Satyendar Jain's residence, but it was reported that crores of rupees and valuables were seized. The agency acts at the behest of the BJP only to harass and defame Satyendar Jain under a conspiracy. But they will not succeed. All the drama will end soon," Singh said, adding that the investigation agency has been investigating the matter against Jain for eight years.
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