New Delhi: The Enforcement Directorate Tuesday provisionally attached immovable properties worth Rs 7.44 crore belonging to four companies allegedly linked to AAP leader and former Delhi minister Satyendar Kumar Jain under provisions of the Prevention of Money Laundering Act (PMLA).
The agency had initiated its money laundering probe on the basis of a Central Bureau of Investigation FIR against Jain and others. The CBI FIR accused him of acquiring disproportionate assets during his time as a minister between 14 February 2015 to 31 May 2017. The chargesheet was filed on 3 December 2018 against the former AAP minister, his wife Poonam Jain and others.
“As a result of investigation, the ED had earlier provisionally attached immovable properties worth Rs 4.81 crore belonging to companies beneficially owned and controlled by Satyendar Kumar Jain on 31 March 2022, and filed a Prosecution Complaint (PC) on 27 July 2022,” an agency spokesperson said.
According to the ED investigation, soon after demonetisation in November 2016, Ankush Jain and Vaibhav Jain—close associates of the former AAP minister—allegedly deposited Rs 7.44 crore in case in Bank of Baroda’s Bhogal branch as advance tax under the Income Disclosure Scheme (IDS), 2016.
“Under IDS, they claimed beneficial ownership of income/assets of Rs 16.53 crore received between 2011–2016 in the accounts of M/s Akinchan Developers Pvt. Ltd, M/s Paryas Infosolutions Pvt. Ltd, M/s Manglayatan Projects Pvt. Ltd, and M/s Indo Metal Impex Pvt. Ltd., whereas these entities were beneficially owned and controlled by Satyendar Kumar Jain,” the agency spokesperson said.
ED, Headquarters Office, New Delhi, has provisionally attached immovable properties worth Rs. 7.44 Crore on 15.09.2025 belonging to companies beneficially owned and controlled by Satyendar Kumar Jain, the Ex Minister in the Government of Delhi, under PMLA, 2002. The Total value…
— ED (@dir_ed) September 23, 2025
“The Income Tax Department and the Hon’ble Delhi High Court held Ankush Jain and Vaibhav Jain to be Benami holders for Satyendar Kumar Jain. The Hon’ble Supreme Court dismissed their SLPs and Review Petitions, rendering the finding final,” the spokesperson said.
These findings were shared by the ED with the CBI which CBI too filed a supplementary chargesheet. After the CBI’s supplementary chargesheet, the ED has identified and attached immovable properties to the tune of Rs. 7.44 crore.
According to the agency, the total proceeds of crime attached so far is Rs 12.25 crore which is 100 percent of the disproportionate assets acquired by Jain in the form of immovable properties allegedly held in companies beneficially owned and controlled by him.
The AAP leader was arrested by the Enforcement Directorate 30 May 2022 on the charge of laundering money through the four companies allegedly linked to him. He was released on bail last year.
(Edited by Ajeet Tiwari)
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