Money Laundering Case: Minister Satyendar Jain Sent To 14-Day Judicial Custody
New Delhi: AAP leader and Delhi Minister Satyendar Jain has been again sent to 14-day judicial custody in an alleged money laundering case.
The Enforcement Directorate (ED) had arrested Jain in connection with an alleged hawala transaction related to a Kolkata-based company. He was arrested under the Prevention of Money Laundering Act’s criminal provisions (PMLA).
The ED filed a money laundering case against the AAP minister based on an FIR filed by the CBI in August 2017 against him and others on charges of alleged possession of disproportionate assets.
Jain’s custody was extended by the Delhi court on June 9 until June 13 as the investigating agency sought more time to confront him on the new material recovered during raids.
More than Rs 2 crore in cash and gold weighing 1.8 kg were seized by the ED after raids against Jain and those linked to him, in a money laundering case. The ED has submitted that Jain was not cooperating in the interrogation.