The federal company had initiated a cash laundering probe on the premise of an FIR registered by the CBI in August 2017 beneath related sections of Prevention of Corruption Act towards Jain, his spouse Poonam Jain and others. It was alleged that Jain, whereas posted and functioning as a minister within the Authorities of Delhi, had acquired disproportionate belongings through the interval from February 2015 to Might 2017. The CBI filed a cost sheet on December 3, 2018, towards Jain, Poonam, and others.
On account of the investigation, the ED had earlier provisionally connected immovable properties value Rs 4.81 crore belonging to firms beneficially owned and managed by Jain in March 2022. The company had additionally filed a prosecution criticism (equal of a cost sheet) in July 2022. The court docket took cognisance of the identical on July 29, 2022.
Throughout ED's investigation, it was revealed that in November 2016, quickly after demonetisation, Ankush Jain and Vaibhav Jain, shut associates and alleged benamis of Jain, allegedly deposited ₹7.44 cr in money in Financial institution of Baroda, Bhogal department, as advance tax beneath the Earnings Disclosure Scheme (IDS). The company has additional alleged that beneath IDS, they claimed useful possession of revenue/belongings of Rs 16.53 crore obtained between 2011-2016 within the accounts of M/s Akinchan Builders Pvt. Ltd, M/s Paryas Infosolutions Pvt. Ltd, M/s Manglayatan Tasks Pvt. Ltd, and M/s Indo Steel Impex Pvt. Ltd., whereas these entities have been allegedly beneficially owned and managed by the AAP chief.
The company additional mentioned that the Delhi HC held Ankush and Vaibhav to be benami holders for Satyendar Jain.
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