The Enforcement Directorate (ED) has attached properties worth ₹7.44 crore in connection with its money laundering probe against former Delhi minister and Aam Aadmi Party (AAP) leader Satyendar Kumar Jain. These properties are allegedly linked to companies controlled by Jain through his close associates.

This case stems from a 2017 CBI investigation that accused Jain of amassing disproportionate assets between February 2015 and May 2017, during his tenure as a minister in the Delhi government. The CBI filed a chargesheet in December 2018 against Jain, his wife Poonam Jain, and several others. In March 2022, the ED had previously attached assets worth ₹4.81 crore in the same case. With this latest action, the total value of attached assets now stands at ₹12.25 crore — an amount the agency claims reflects the full value of the assets Jain allegedly acquired through illicit means.

According to the ED, soon after the 2016 demonetisation, Jain’s close associates, Ankush Jain and Vaibhav Jain, deposited ₹7.44 crore in cash as advance tax under the Income Disclosure Scheme (IDS). They declared assets worth ₹16.53 crore held in the names of four companies, which investigators later concluded were actually owned and controlled by Satyendar Jain.

Both the Income Tax Department and the Delhi High Court ruled that Ankush and Vaibhav were merely benami holders for Jain — a finding that was subsequently upheld by the Supreme Court after dismissing appeals from the accused.

Following these developments, the ED shared its findings with the CBI, which filed a supplementary chargesheet, expanding the list of disproportionate assets linked to Jain. The ED has stated that it will soon file a supplementary prosecution complaint as well.

Jain was arrested by the ED on May 30, 2022, on charges of laundering money through four shell companies allegedly tied to him. After spending nearly two years in custody, he was granted bail by a Delhi court. The trial is currently underway at the Rouse Avenue Court in New Delhi.