The Enforcement Directorate (ED) announced Tuesday (September 23, 2025) that it has provisionally attached immovable properties valued at ₹7.44 crore. These assets are reportedly linked to companies beneficially owned and controlled by Satyendar Kumar Jain, who previously served as a Minister in the Delhi government.
This action stems from an ongoing money laundering investigation by the ED, which began after the Central Bureau of Investigation (CBI) filed a First Information Report (FIR) against Mr. Jain, his wife Poonam Jain, and several other individuals.
The allegations against the Aam Aadmi Party (AAP) leader claim that between February 14, 2015, and May 31, 2017, while holding a ministerial position in the Delhi government, he acquired assets that were significantly disproportionate to his declared income. The CBI formally charged him and others in December 2018.
As part of its own investigation, the ED had previously attached immovable properties worth ₹4.81 crore on March 31, 2022. These assets were also linked to companies allegedly controlled by Mr. Jain. A formal prosecution complaint was subsequently filed by the ED in July of the same year.
The ED’s findings further suggest that in November 2016, shortly after the demonetisation announcement, two close associates and alleged ‘benami’ holders for Mr. Jain – Ankush Jain and Vaibhav Jain – deposited ₹7.44 crore in cash at the Bank of Baroda’s Bhogal branch in Delhi. This amount was declared as advance tax under the Income Disclosure Scheme of 2016.
According to the ED, these associates claimed beneficial ownership of income and assets totaling ₹16.53 crore, received between 2011 and 2016, deposited into the accounts of Akinchan Developers Private Limited, Paryas Infosolutions Private Limited, Manglayatan Projects Private Limited, and Indo Metal Impex Private Limited. However, the ED asserts that these companies were, in fact, beneficially owned and controlled by the former Minister himself.
Both the Income Tax Department and the Delhi High Court have unequivocally identified Ankush Jain and Vaibhav Jain as ‘benami’ holders acting on behalf of Satyendar Kumar Jain. The Supreme Court further solidified this conclusion by dismissing their Special Leave Petitions (SLPs) and subsequent review petitions, making the finding final and binding.
Following the ED’s intelligence, the CBI conducted additional investigations and subsequently filed a supplementary chargesheet. This updated chargesheet significantly increased the value of ‘disproportionate assets’ linked to the former Minister.
As a direct result of the CBI’s supplementary chargesheet, the ED has now pinpointed and attached additional immovable properties valued at ₹7.44 crore. This brings the total ‘Proceeds of Crime’ attached by the ED in this case to ₹12.25 crore, which the agency states represents 100% of the disproportionate assets Satyendar Kumar Jain allegedly acquired through companies he beneficially owned and controlled.
The ED plans to file a supplementary prosecution complaint soon, while the court trial for the existing charges is already in progress.