In a significant development, the Enforcement Directorate (ED) has attached immovable properties worth₹7.44 crore.These assets are allegedly linked to companies beneficially owned and controlled by Satyendar Jain, a former minister in the Delhi government, his family, and associates as part of a money laundering investigation.The action is connected to a case that traces back to a CBI FIR filed in 2017 The initial complaint accused Jain of acquiring assets disproportionate to his known sources of income between February 2015 and May 2017, a period during which he was a public servant.Investigators claim that during 2015-16, companies linked to Jain received approximately₹4.81 crore from shell companies through Kolkata-based operatives.This money was then allegedly used to purchase land or repay loans taken for acquiring agricultural land in and around Delhi.The probe has identified several individuals and companies in connection with the case. Along with Jain and his wife, several associates have also been named in the investigation.Previously, the ED had arrested Jain in May 2022Subsequent raids on premises linked to the former minister and his aides reportedly led to the seizure of unexplained cash and gold coinsThis attachment of assets marks a crucial point in the ongoing probe into the financial dealings of the former minister and his network. The case remains under investigation as authorities continue to scrutinize the trail of funds.
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