Enforcement Directorate raids Satyendar Jain's home, other locations

The Enforcement Directorate (ED) on Monday raided Delhi minister Satyendar Kumar Jain's residence and other premises in connection with its ongoing money laundering probe.

He was arrested on May 30 and is currently in the ED's custody. People in the know said the agency has gathered fresh leads against Jain as a result of which the raids were carried out.

A few alleged hawala operators were questioned by the agency earlier last week.


As reported by ET last week, the ED has "recorded an incriminating" statement of an individual linked to one of the shell companies "beneficially owned and controlled" by Jain. In its remand paper, the central agency had last week referred to the statement recorded under Section 50 of the Prevention of Money Laundering Act (PMLA) which is admissible in court.

ED has claimed that the individual, a co-accused in the case, has confessed that the alleged laundered money ('4.81 crore) belongs to Jain. The co-accused is linked to one of the companies whose assets were attached by ED in April this year.

ED had initiated a money laundering probe on the basis of a criminal case registered by CBI in August 2017.