₹2.85 crores in cash and 133 gold coins recovered from ED raids on AAP Minister

New Delhi, Jun 8: The Enforcement Directorate (ED) has recovered ₹2.85 crores in cash and 133 gold coins during raids on Delhi health minister Satyendar Jain and his associates including a jewelry shop in connection with a money-laundering probe, the agency said in a statement on Tuesday.

 

 

 

Six or seven places, including Jain’s residence and a jewelry shop in southeast Delhi, were searched by ED on Monday following the Delhi minister’s arrest last week. Tuesday’s ED statement did not give a break-up of the seizures from various locations.

 

 

 

Jain was arrested under the Prevention of Money Laundering Act on May 30 and is being interrogated in ED custody, granted by a Delhi court till June 9. Soon after the ED statement, Delhi chief minister Arvind Kejriwal, who has repeatedly accused the agencies of trying to frame the senior AAP leader, took a swipe at PM Narendra Modi without referring to the statement. A detailed statement by ED on Tuesday said searches under the Prevention of Money Laundering Act (PMLA) were carried out against Jain and his wife Poonam Jain, and his accomplices who either directly or indirectly were alleged to have assisted him or participated in the process of money laundering. On Monday, ED officials carried out searches at premises linked to Ankush Jain, 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) and Yogesh Kumar Jain (director in Ram Prakash Jewellers Pvt Ltd), father-in-law of Ankush Jain and Lala Sher Singh Jivan Vigyan Trust. “Investigation revealed that one accomplice member of Lala Sher Singh Jivan Vigyan Trust had provided accommodation entries for transfer of land from company beneficially owned by Satyendar Jain to family members of accomplices in order to alienate the property and to frustrate the process of confiscation,” the ED statement said.

 

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“During the search, various incriminating documents and digital records were seized. The cash amounting to ₹2.85 crore and 133 gold coins weighing 1.80 kg in total from the unexplained source were found to be secreted in the said premises and were seized under PMLA,” it said. Accommodation entries are usually done by hawala operators to accommodate illegal money in a company through a shell firm or in the form of cash by breaking large amounts into smaller sums to avoid suspicion. Jain is accused of using laundering money to purchase land in Delhi.