A Delhi court on Monday sent Delhi Minister Satyendar Jain to 14-day judicial in an alleged money-laundering case.
The Rouse Avenue District Court last week had extended the Enforcement Directorate (ED) custody till Monday, June 13.
The ED sought an extension of 5 days in order to confront him with evidence and documents recovered during the custody period from the minister.
Additional Solicitor General (ASG) S.V. Raju, who represented the ED, submitted that eight searches were conducted during the last few days of Lala Sher Singh memorial trust premises where Satyendar Jain was president. Jain had denied being a part of the trust during interrogation.
As per the search conducted on June 7, the ED has seized various incriminating documents and digital records. The ED has found some movable assets which were from an “unexplained source” and were “found to be secreted” in the places searched.
In this matter, the ED counsel submitted that the investigating agency has conducted raids at the premises belonging to Ankush Jain, Vaibhav Jain, Naveen Jain and Siddharth Jain, the Directors of Ram Prakash Jewellers Pvt Ltd, GS Matharoo, Chairman of Lala Sher Singh Jivan Vigyan Trust, which runs Prudence Group of Schools, Yogesh Kumar Jain, Director in Ram Prakash Jewellers Pvt Ltd, father-in-law of Ankush Jain and Lala Sher Singh Jivan Vigyan Trust and during search various incriminating documents and digital records were seized.
After the CBI registered a case in 2017 under Section 13(2) read with 13(1)(e) of the PC Act, 1988 against Jain, his wife Poonam Jain, and Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain and Ankush Jain, the ED had initiated money laundering investigation in this case.
The Central Bureau of Investigation filed a charge sheet on December 3, 2018 against Jain, his wife Poonam Jain, and other accused by alleging that Jain while holding the office as a Minister in the Government of Delhi, during the period February 14, 2015 to May 31, 2017 had acquired assets which were disproportionate to his known sources of income.
The ED had earlier provisionally attached the immovable properties worth Rs 4.81 crore belonging to companies beneficially owned and controlled by Jain on March 31 and arrested Jain on May 30 under Section 19 of the PMLA.