National
June 06, 2022

The Enforcement Directorate on Monday conducted raids against arrested Delhi minister Satyendar Jain as part of a money-laundering probe linked to an alleged hawala dealings case being conducted against him. The raids, including that at the residential premises of Jain in Delhi and other locations, are being conducted as part of a “follow up” in the case.
According to the reports, Jain, 57, 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 agency is understood to have found some new evidence and links after it questioned Jain and some alleged hawala operators over the last few days.
Jain is currently a minister without any portfolio in the Delhi government. Over half-a-dozen portfolios of Jain were transferred to Deputy Chief Minister Manish Sisodia on June 2. In April, the ED had attached assets worth Rs 4.81 crore of Jain’s family and companies “beneficially owned and controlled” by him as part of the probe.
The money laundering case against the AAP minister stems from an August 2017 FIR filed by the CBI against him and others on charges of alleged possession of disproportionate assets. A charge sheet was filed by the CBI in December 2018 stating that the alleged disproportionate assets were valued at Rs 1.47 crore, about 217 per cent more than his known sources of income, during 2015-17.
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