New Delhi, June 7 (Agency) The Enforcement Directorate (ED) has conducted searches at the premises of Delhi Minister Satyendar Kumar Jain, his wife Poonam Jain and others in connection with a probe under the Prevention of Money Laundering Act (PMLA) , a statement here said. Cash worth Rs 2.85 crore and 133 gold coins weighing 1.80 kg attained from unexplained sources were found from the said premises and were seized, said ED. The ED conducted searches at premises of other persons who had either directly or indirectly assisted him or participated in the processes of money laundering. The persons were Ankush Jain, Vaibhav Jain, Naveen Jain and several others, ED statement said. Investigation revealed that one member had provided accommodation entries for transfer of land from the 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, ED said.
During the search various incriminating documents and digital records were seized. The ED had initiated a money laundering probe on the basis of an FIR registered by CBI on August 24, 2017, against Satyendar Jain, his wife Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain. The CBI filed charge sheet on December 3, 2018, against Satyendar Jain, Poonam Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain wherein it has been stated that Satyendar Jain while holding the office as a Minister in the Delhi government, during the period February14, 2015 to May 31, 2017, had acquired assets which are disproportionate to his known sources of income, ED, in a statement, said. CBI has accused Satyendar Jain, Poonam Jain, his business associates Ajit Prasad Jain, Sunil Kumar Jain, Ankush Jain and Vaibhav Jain for commission of offences under the Prevention of Corruption Act, 1988, the statement said. Earlier, ED had provisionally attached immovable properties worth Rs 4.81 crore belonging to companies beneficially owned and controlled by Satyendar Jain on March 31. On May 30 this year, ED arrested Satyendar Jain under section 19 of PMLA and he is presently in ED custody. The probe is underway.