Overview

• The attachment order, issued on September 15, targets immovable properties tied to companies the ED says are beneficially owned and controlled by the former Delhi minister.
• The ED had earlier attached assets worth ₹4.81 crore in March 2022, bringing total provisional attachments in the case to ₹12.25 crore.
• The money-laundering probe is based on a 2017 CBI FIR and a December 2018 chargesheet alleging disproportionate assets accrued between February 14, 2015 and May 31, 2017.
• Investigators cite judicial findings that Ankush Jain and Vaibhav Jain acted as benami holders for Jain and deposited ₹7.44 crore in cash as IDS advance tax at Bank of Baroda’s Bhogal branch, a determination left intact by the Supreme Court.
• The ED shared its findings with the CBI, which filed a supplementary chargesheet enhancing the alleged disproportionate assets, and the agency says it will file a supplementary prosecution complaint as the trial proceeds at Rouse Avenue Court.