AAP’s Satyendra Jain Under ED Net For Money Laundering

by Swarajya Staff - May 31, 2022 02:52 PM +05:30 IST
AAP’s Satyendra Jain Under ED Net For Money LaunderingArvind Kejriwal with Satyendra Jain. K Asif/India Today Group/Getty Images
Snapshot
  • Satyendra Jain was being investigated by Enforcement Directorate under the Prevention of Money Laundering Act since 2017.

Minister in the Delhi government, Satyendra Jain, who holds multiple portfolios, including health, power and PWD, has been arrested in a money laundering case. He was being investigated by Enforcement Directorate under the Prevention of Money Laundering Act (PMLA) since 2017.

Reasons Behind Arrest

  • As per ED’s investigation, he owned and controlled companies which received accommodation entries to the tune of Rs 4.81 crore from shell companies.

  • Cash was transferred to Kolkata-based entry operators through the hawala route during the period 2015-16.

  • The entry operators re-routed the money received in the form of investment through shares of these companies.

  • The amount was then used to purchase land or to repay loans taken to buy agricultural land in and around Delhi.

  • During that time, Jain was working as a public servant.

Assets Attached

In April this year, ED attached assets owned by Jain’s family members and companies owned and controlled by him worth Rs 4.81 crore.

AAP’s Reaction

The minister will be produced in the court today (31 May 2022). The leaders of AAP have reacted sharply to Jain’s arrest, calling it a Bharatiya Janata Party (BJP) ploy to hamper AAP’s prospects in the upcoming Himachal Pradesh state elections.

Delhi Chief Minister Arvind Kejriwal has expressed his support for Jain. While addressing a PWD function, Kejriwal said that he has personally studied Jain’s case and it was ‘completely fraud’. He also expressed his faith in the judiciary.

Opposition’s Attack

Former AAP member, Kumar Vishwas, in a tweet, alleged that he had openly questioned Satyendra Jain during a PAC meeting on the allegations against him. However, he was defended by Raghav Chadha and others.

BJP, too, has opened fire at Kejriwal for his silence on the matter. They have demanded Jain’s resignation. Before the Punjab election, Kejriwal had raised the alarm about investigating agencies planning to arrest Jain just before the polls.

Jain has been a prominent face of the AAP government in Delhi. Though AAP has been trying to salvage its image by calling action against its minister as a political vendetta, it is yet to speak against the charges of corruption levelled against the senior minister.

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