The Delhi court hearing the money laundering case against Delhi Minister Satyendar Jain has granted the Enforcement Directorate five more days to hold him in custody till June 13.
Enforcement Directorate arrested Jain on May 30 in connection with the violation of provisions of Prevention of Money Laundering Act pertaining to disproportionate assets.
Counsel for ED seeks extension of ED custody by submitting that during the raid we have recovered a number of things and we have to confront him with the people whose houses were raided and recovered cash of Rs 2.85 crore and 133 gold coins weighing 1.80 kg.
According to the sources the agency has raided many places and confronted people who came for the rescue of Jain.
The ED conducted the search on places which were connected to the minister. Every one including those who assisited him or were party to the process of money laundering were questioned on June 6.
The raids were conducted at the premises belonging to Ankush Jain, Vaibhav Jain, Naveen Jain and Siddharth Jain, the Directors of Ram Prakash Jewellers Pvt Ltd, G.S. Matharoo, Chairman of Lala Sher Singh Jivan Vigyan Trust, which runs Prudence Group of School, Yogesh Kumar Jain, Director in Ram Prakash Jewellers Pvt Ltd, father-in-law of Ankush Jain and Lala Sher Singh Jivan Vigyan Trust,” the ED official had said.
It was also found by the agency that one of the accomplice member of Lala Sher Singh Jivan Vigyan Trust had provided accommodation entries for transfer of land from a company owned by Jain to the family members of accomplices in order to gain some benefits.
Additional Solicitor General S.V. Raju, who appeared for the ED said, “He’s (Satyendar Jain) a very slow writer. Takes about two hours to write one page. His statement has to be taken in his handwriting otherwise he will say ‘it’s not my statement’.”
The ASG also pointed out problems the agency is facing in its probe against the minister who has been involved in money laundering. In the statement, the ASG mentioned that officers are facing problems as many of the witnesses are afraid to confront Satyendar Jain as they feared for their life.
“Some of the witnesses said they feared that if they were brought face to face with Jain there would be consequences,” Raju submitted.