Business Standard

CBI files chargesheet against AAP Minister Jain, others

IANS  |  New Delhi 

The (CBI) on Monday filed a chargesheet against Satyendar Jain, his wife and others in a case.

Reacting to CBI's action against minister, Chief tweeted: "Prime has done this case against Satyendra Jain because he was working on a scheme to regularise unauthorised colonies. People who live in unauthorised colonies will respond to this allegation".

The CBI in its chargesheet has alleged that Jain has amassed of approximnately Rs 1,47 crore.

The chargesheet, filed before a Court, named Jain, his wife and business associates Ajit Prasad Jain, Vaibhav Jain, and

They have been chargesheeted under Section 109 (punishment of abetment) of Indian Penal Code with the provisions of Prevention of Corruption Act.

The on Thursday granted sanction to prosecute in the case.

Jain is accused of floating several shell companies in including Akinchan Developers Pvt Ltd, Indo Metal Impex Pvt Ltd, and during 2009-10 and 2010-11 for alleged money laundering.

"These shell companies do not have any real business. had laundered black money of Rs 16.39 crore during 2010-11 to 2015-16 through 54 shell companies of three hawala entry operators of Kolkata -- Jeevendra Mishra, and Rajendra Bansal," said an in the

Jain, who holds seven portfolios including Health, Home and Public Works Department, has denied the allegations, saying the CBI action is politically motivated.

The CBI initiated a probe in April 2017 and registered an FIR on August 24 this year.

The agency alleged that Jain and his family members allegedly controlled or have stake holding in the four companies based at Delhi.

He was and resigned from the directorship of these three companies before the election in 2013. His family members, however, continued to hold shares in all these four companies.

Jain exercised effective control in these companies through his wife, the CBI said.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 22:18 IST