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Court to consider chargesheet against Delhi minister Satyendar Jain, wife in DA case on Dec 17

Press Trust of India  |  New Delhi 

A court has fixed December 17 for consideration of the chargesheet filed against for allegedly amassing assets of 47 crore, disproportionate to his known sources of income.

said he would consider on December 17 whether to take cognisance of the chargesheet filed by the (CBI), which is likely to file additional documents on the next date of hearing.

The CBI, which filed the chargesheet Monday, alleged that Jain had amassed assets worth 47 crore, which was "217.20 per cent" above his known sources of income between 2015-17.

According to the central probe agency, the "ill-gotten money" was allegedly routed to four companies controlled by Jain and his relatives through "accommodation entries" -- a term used for "hawala" transfers -- in Kolkata-based shell companies.

It alleged that Jain's wife was actively involved in the process and hence, she was made an accused in the chargesheet, along with the minister's business associates and relatives -- Ajit Prasad Jain, Vaibhav Jain, and

The CBI claimed that Jain and his relatives had stakes in four companies -- Prayas Info Solutions, Akinchan Developers, and Indo Metal

Jain, the for health, home, power, PWD, industries, urban development and flood and irrigation in the government of the (AAP), was a in all but one -- -- it alleged.

Although he had resigned from the directorship before the 2013 polls, his family members continued to hold shares in these companies and his shares were transferred on February 10, 2015 to his wife, through whom he had kept "effective" control over the firms, the agency alleged.

It was alleged that three companies -- Prayas Info Solutions, and -- had received 53 crore as accommodation entries from Kolkata-based shell companies.

The CBI alleged that there was no explanation for Rs 1.47 crore, which was 217.20 per cent over and above Jain's legitimate income between 2015 and 2017.

It alleged that Jain was assisted in routing this "ill-gotten money through shell companies" by JP Mohta and "hawala" operator Rajendra Bansal.

The agency claimed that Satyendar and had sent money to Bansal, who in turn provided accommodation entries in the form of share application money in the said firms from the shell companies between 2010 and 2016 -- even after the former had become a in the

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

First Published: Tue, December 04 2018. 19:45 IST
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