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| Satyendar Jain sent to ED custody till June 9 | | | AGENCIES
NEW DELHI, May 31: A Delhi court on Tuesday sent Delhi Health Minister and AAP senior leader Satyendar Jain to the custody of the Enforcement Directorate till June 9, in connection with a money laundering case.
Jain was arrested by ED on Monday under the provisions of the Prevention of Money Laundering Act (PMLA).
He was produced in the Rouse Avenue Court.
The Counsel for ED submitted before the court that to unearth the conspiracy, 14 days custody of Jain was required to find out the sources and trail of money in the case.
The Counsel for ED said there was a chequered trail of money in this case and the agency did not know if the money was his or he was laundering someone else's money.
Jain's representative opposed the plea of Investigating Agency, claiming that he has been 'falsely implicated' and there was no evidence against him. His house has already been searched on two occasions and his bank accounts also seized, added the Counsel.
After the Central Bureau of Investigation (CBI) registered a case against Jain and others under relevant Sections of the Indian Penal Code and the Prevention of Corruption Act, ED initiated a probe under PMLA against Jain.
Investigations by the agency have revealed that in 2015-2016, when Jain was a public servant, companies owned and controlled by him received up to Rs 4.81 crore from shell companies through the Hawala network, according to ED.
It was alleged that money was credited to the companies of Jain against cash transferred to Kolkata-based operators and was used to purchase land and repay loans taken to buy agricultural land in and around Delhi.
The Investigating Agency has attached the assets worth Rs 4.81 crore linked to the Jain's family in a disproportionate assets case in April this year.
Special Judge Geetanjali Goel, after hearing the submission on behalf of both the Counsels, ordered custodial interrogation of Jain till June 9, to unearth the larger conspiracy. |
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