The Enforcement Directorate conducted a raid at Delhi Health Minister Satyendar Jain ‘s residence on Tuesday and seized cash of Rs 2.85 crore and 133 gold coins weighing 1.80 kg in connection with a money laundering case filed against him . The agency also raided his alleged associates regarding the same.
ED said that those raided on Monday were “either directly or indirectly assisted” the minister in the process of money laundering.
According to a statement, the cash and coins were “unexplained” and were kept in a “secret” place. He 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 ED had conducted searches at about 7 premises, including that of a jeweller, in Delhi and some neighbouring locations on Monday. The raids were launched to gather further details on these inputs, officials said.
The federal agency said those raided include Jain’s wife Poonam Jain, his business associates Ankush Jain and Vaibhav Jain, Naveen Jain and Siddharth Jain (directors of Ram Prakash Jewellers Pvt Ltd), G S Matharoo (chairman of Lala Sher Singh Jivan Vigyan Trust which runs Prudence group of schools), Yogesh Kumar Jain (director in Ram Prakash Jewellers Pvt Ltd.), father-in-law of Ankush Jain and Lala Sher Singh Jivan Vigyan Trust. “Lala Sher Singh Jivan Vigyan Trust had provided accommodation entries for transfer of land from company beneficially owned by Satyendar Kumar Jain to family members of accomplices in order to alienate the property and to frustrate the process of confiscation,” the ED said.
It further said “incriminating documents and digital records” were seized during the raids. “Cash amounting to Rs 2.85 crore and 133 gold coins weighing 1.80 kg in total from unexplained source were found to be secreted in the said premises and were seized under PMLA,” it said.
