NEW DELHI: The Enforcement Directorate (ED) has reportedly sufficient evidence to prove that Delhi Health Minister Satyendar Jain and his family were allegedly involved in money laundering since they acquired assets disproportionate to his known source of income to the tune of Rs. 1,62,50,294.
"With careful preparation and execution at each of the three stages of placement, layering, and integration of the proceeds of crime produced by Jain and his associates, this case is a textbook example of money laundering. When he was a Delhi Cabinet Minister, he used the commission to earn money through dishonest ways "ED said.
"The aforementioned cash sum was thereafter transferred by hawala operators to entry operators in Kolkata via chartered accountants for stacking of the cash transactions. The entry operators then purposefully and deliberately piled the money in several shell firms' bank accounts before transferring the funds to businesses owned by the Delhi Health Minister "the central agency added.
According to the ED, the aforementioned funds were utilised to buy agricultural land, and the said properties and agricultural land are now being portrayed as having clean origins. Despite having full knowledge of the wrongdoing, the chartered accountant Jain hired signed the audited books.
The Delhi Health Minister oversaw the entire operation and carried out the cash-only accommodations entries after careful planning and with a "guilty mind", it said.