On June 6, 2022, the Directorate of Enforcement (ED) conducted a search operation at the residences of Satyendar Kumar Jain and Poonam Jain, as well as his accomplices and other people who had either directly or indirectly helped him or participated in the money-laundering processes, including Ankush Jain, Vaibhav Jain, Naveen Jain, and Siddharth Jain (Directors of M/s Ram Prakash Jewellers Pvt Ltd. In order to alienate the property and thwart the confiscation procedure, it was discovered that one accomplice member of M/s Lala Sher Singh Jivan Vigyan Trust had given accommodation entries for the transfer of land from a business that was beneficially controlled by Satyendar Kumar Jain.
Various damning documents and digital recordings were recovered during the search. Cash worth Rs. 2.85 crores and 133 gold coins totalling 1.80 kg that came from an unknown source were discovered hidden in the abovementioned premises and were confiscated in accordance with PMLA.
The ED had started an investigation into money laundering, according to an FIR filed by CBI/AC-I, New Delhi on August 24, 2017, against Sh. Satyendar Kumar Jain, Poonam Jain without Sh. Satyendar Kumar Jain, Ajit Prasad Jain, Sunil Kumar Jain, Vaibhav Jain s/o Sh. Ajit Prasad Jain, and Ankush Jain s/o Sh. Sunil Kumar Jain.
On December 3, 2018, the CBI filed a charge sheet against Sh. Satyendar Kumar Jain, Smt. Poonam Jain, Sh. Ajit Prasad Jain, Sh. Sunil Kumar Jain, Sh. Vaibhav Jain, and Sh. Ankush Jain. The charge sheet alleges that Sh. Satyendar Kumar Jain, while serving as a minister in the Delhi government from February 14, 2015, to May 31, 2017, amassed assets that are out of The Prevention of Corruption Act, 1988, which was broken by Sh. Satyendar Kumar Jain, Smt. Poonam Jain without Sh. Satyendar Kumar Jain, and his business partners, Sh. Ajit Prasad Jain, Sh. Sunil Kumar Jain, Sh. Ankush Jain, and Sh. Vaibhav Jain.
In the past, Satyendar Kumar Jain’s enterprises’ immovable properties worth Rs 4.81 crore had been temporarily attached by the ED on March 31, 2022. In accordance with Section 19 of the PMLA of 2002, Satyendar Kumar Jain was taken into prison by the ED on May 30, 2022. More investigation is presently being done into this situation.
