The ED attaches property worth about Rs. 5 crore related to the minister

By A Staff Reporter : In a money laundering case, the ED attaches assets worth rs. 4.81 crore belonging to Delhi Minister Satyendra Jain.The Directorate had initiated a money-laundering investigation on the basis of an FIR dated 24.08.2017 registered by the Central Bureau of Investigation (CBI) against Satyendar Jain and others under the provisions of Section 109 of Indian Penal Code and Sec 13(2) and 13(1) (e) of Prevention of Corruption Act.According to the ED's investigation, when Satyendra Kumar Jain was a government employee in 2015-16, the companies were profitably owned and controlled by him and received housing entries worth Rs 4.61 crore from shell companies in exchange for cash transfers. This money was used to buy land directly or to repay loans taken to buy agricultural land in and around Delhi.