According to the CBI, Jain allegedly accumulated assets worth approximately Rs1.62 crore, exceeding his known sources of income, during his tenure as a public servant from February 14, 2015, to May 31, 2017.
NEW DELHI: The CBI informed a Delhi court on Monday (13th Jan) that it had secured the necessary sanctions to prosecute AAP leader and former Delhi minister Satyendar Jain in connection with a disproportionate assets case.
The central agency submitted this information to special judge Jitendra Singh, who scheduled the next hearing for January 22.
The judge noted that a supplementary chargesheet against Jain had been filed in the case on January 4.
According to the CBI, Jain allegedly accumulated assets worth approximately Rs1.62 crore, exceeding his known sources of income, during his tenure as a public servant from February 14, 2015, to May 31, 2017.
Jain was arrested on May 30, 2022, under sections of the PMLA by the Enforcement Directorate and has been in judicial custody since. The ED’s case is based on a Central Bureau of Investigation (CBI) complaint alleging that Jain acquired movable properties in the names of various persons between February 14, 2015, and May 31, 2017, which he could not satisfactorily account for.
The case against Satyendar Jain revolves around allegations that, between 2015 and 2017, he acquired movable assets in others’ names without providing a satisfactory explanation. The ED claimed that several companies under his control received accommodation entries worth Rs 4.81 crore from shell companies, routed through Kolkata-based operators via hawala transactions.
Ankush and Vaibhav Jain were arrested in 2022 for allegedly helping public officials disguise Satyendar Jain’s assets as their own. The ED argued that the two knowingly assisted in laundering the money by integrating the illicit funds into the financial system.
The Jains were previously granted interim bail for a short period due to family health issues.
Senior Advocate Siddharth Agarwal, with support from advocates Neeha Nagpal and Malak Bhatt of NM Law Chambers, represented Vaibhav Jain. Advocate Zoheb Hossain appeared on behalf of the ED.
