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Jain unable to explain funds received by companies, says CBI

Jain unable to explain funds received by companies, says CBI

NEW DELHI: Delhi Health Minister Satyendar Jain could not explain funds received by four companies in which he is a shareholder, CBI sources said on Saturday, following registration of a case against the AAP leader, his wife and four others in connection with money laundering allegations.

The CBI sources said a total of Rs 4.63 crore was allegedly received through Prayas Info Solutions, Akinchan Developers, Managalyatan Projects and Indo-Metal Impex Pvt Limited – in 2015-16 while Jain was serving as a minister.
The sources said the minister and his wife were allegedly one-third shareholders in these companies during the period.
During the questioning, the minister and his wife could not explain Rs 1.62 crore – approximately one-third of funds received by the companies during 2015-17, the sources said.
Jain was examined twice by the agency while his wife was quizzed once, they said.
The CBI has alleged that the minister had control over these companies either in the form of being one of the directors and by holding one-third of shares of these companies in his name or in the names of his family members or others.
"Although, he had resigned from directorship of the three companies in 2013 before contesting elections, however, his investments in these companies were allegedly continued," a CBI spokesperson said.
He said it was further alleged that the companies did not have any business and were shell companies and were utilised for parking money in the form of investments in equity shares in connivance with Kolkata-based shell companies.
"This apart, before becoming a public servant, he was allegedly involved in laundering of Rs 11.78 crore during the years 2010-12 through these companies as well as other companies also based in New Delhi," the CBI has said.
Meanwhile, the Aam Aadmi Party on Saturday stoutly defended Satyendar Jain, the Delhi Health Minister against whom CBI has filed an FIR, rubbishing charges that he amassed assets disproportionate to his known sources of income.
Party leaders Ashutosh and Saurabh Bhardwaj lashed out at the central probe agency accusing it of "planting baseless stories" against Jain in the media through unnamed sources.
"The man in question, a senior CBI officer who is behind all this was handpicked by BJP chief Amit Shah. This is part of a larger design to destabilise opposition-led governments across states," Ashutosh claimed in a press conference.
Bhardwaj said Jain has not purchased or sold a single share since he resigned from the directorship of a clutch of companies in 2013, when he decided to enter public life by contesting as an AAP candidate in the assembly polls.
After registering the FIR, the CBI had on Friday carried out searches at Jain's residence, during which the agency managed to "recover Rs 50,000 cash, 52 grams gold, copies of Income Tax returns, election affidavits, inventory of official furniture", Bhardwaj said.
"All these are in any case available on the public domain. Where is the incriminating evidence that CBI is talking about during informal briefings with the media?" he asked.

Agencies

Agencies

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