8 months ago
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The Enforcement Directorate (ED) has provisionally attached immovable properties worthy ₹7.44 crore, belonging to companies beneficially owned and controlled by erstwhile Delhi Minister Satyendar Kumar Jain, the bureau said connected Tuesday (September 23, 2025).
The ED initiated its probe nether the Prevention of Money Laundering Act based connected a First Information Report registered by the Central Bureau of Investigation (CBI) against Mr. Jain, his woman Poonam Jain, and others.
It was alleged that the Aam Aadmi Party (AAP) leader, portion posted and functioning arsenic a Minister successful the Delhi government, acquired assets from February 14, 2015 to May 31, 2017 disproportionate to his known sources of income. The CBI filed a chargesheet against him and others successful December 2018.
In its case, the ED had earlier attached immovable properties worthy ₹4.81 crore belonging to the companies “beneficially owned and controlled” by Mr. Jain connected March 31, 2022, and filed a prosecution ailment the aforesaid twelvemonth successful July.
Based connected the findings, the ED has alleged that successful November 2016, soon aft demonetisation, Ankush Jain and Vaibhav Jain, adjacent associates and ‘benamis’ of Mr. Jain, deposited ₹7.44 crore successful currency successful Bank of Baroda, Bhogal subdivision (Delhi), arsenic beforehand taxation nether the Income Disclosure Scheme, 2016.
Under the disclosure scheme, they claimed beneficial ownership of income/assets of ₹16.53 crore received betwixt 2011-2016 successful the accounts of Akinchan Developers Private Limited, Paryas Infosolutions Private Limited, Manglayatan Projects Private Limited, and Indo Metal Impex Private Limited, whereas these entities were beneficially owned and controlled by the erstwhile Minister, the ED said.
“The Income Tax Department and the Delhi High Court held Ankush Jain and Vaibhav Jain to beryllium benami holders for Satyendar Kumar Jain. The Supreme Court dismissed their SLPs (Special Leave Petitions) and reappraisal petitions, rendering the uncovering final,” it said.
The ED shared the accusation with the CBI, which carried retired further probe and filed a supplementary chargesheet, enhancing the “disproportionate assets” attributed to the erstwhile Minister.
“Subsequent to the CBI’s supplementary chargesheet, the ED has present identified and attached immovable properties worthy ₹7.44 crore. Thus, the full Proceeds of Crime attached truthful acold successful this substance by the ED basal astatine ₹12.25 crore,...representing 100% of the disproportionate assets acquired by Satyendar Kumar Jain successful the signifier of immovable properties held successful the companies beneficially owned and controlled by him,” the bureau said.
The ED volition soon record a supplementary prosecution ailment successful the matter. Court proceedings successful the lawsuit is underway.
