Overview
- The provisional attachment order was issued on September 15 under the PMLA for immovable assets tied to companies the ED says were beneficially owned and controlled by the former Delhi minister.
- The ED states the cumulative attachments now stand at ₹12.25 crore, representing 100% of the disproportionate immovable assets it attributes to Jain.
- Investigators cite November 2016 cash deposits of ₹7.44 crore under the Income Disclosure Scheme by Ankush Jain and Vaibhav Jain at Bank of Baroda’s Bhogal branch, linked to four companies.
- The Income Tax Department and the Delhi High Court deemed the two associates benami holders for Jain, and the Supreme Court dismissed their challenges, making that finding final.
- The ED has shared material with the CBI, which filed a supplementary chargesheet, and the agency says it will soon file a supplementary PMLA prosecution complaint as the trial continues at the Rouse Avenue court.