ED attaches assets worth Rs 7.44 crore owned by AAP leader Satyendra Jain

The Enforcement Directorate on Tuesday stated it had attached immovable properties worth Rs 7.44 crore belonging to companies allegedly owned and controlled by Aam Aadmi Party leader and former Delhi minister Satyendar Jain.

The agency said it began investigating the Aam Aadmi Party leader after the Central Bureau of Investigation registered a first information report in August 2017 against him and his wife, Poonam Jain. The probe agency had booked them for allegedly acquiring disproportionate assets between February 2015 and May 2017, when he was a minister in the Delhi government.

The CBI filed a chargesheet in December 2018.

The ED had provisionally attached properties worth Rs 4.81 crore in March 2022 and filed a prosecution complaint in July 2022.

With the latest action, the total assets attached so far in this matter stand at Rs 12.24 crore, representing “100% of the disproportionate assets acquired by Jain” in the form of immovable properties held in companies beneficially owned and controlled by him, the enforcement agency stated on Tuesday.

A supplementary prosecution complaint will be filed soon, it added.

The case against Satyendar Jain

In November 2016, soon after demonetisation, Satyendar Jain’s close associates Ankush Jain and Vaibhav Jain deposited Rs 7.44 crore in cash at Bank of Baroda’s Bhogal branch under the Income Disclosure Scheme, the ED...

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