New Delhi: A day after registering an FIR against Delhi health minister Satyendar Jain in a money laundering case, the CBI on Saturday maintained that he could not explain funds received by four companies in which he is a shareholder.
Sources said a total of Rs 4.63 crore was allegedly received through Prayas Info Solutions, Akinchan Developers, Managalyatan Projects and Indo-Metal Impex Pvt Limited in 2015-16 while Mr Jain was serving as a minister. Sources added the minister and his wife were allegedly one-third shareholders in these companies during the period.
During the questioning, the minister and his wife could not explain Rs 1.62 crore, approximately one-third of funds received by the companies during 2015-17, sources said. Mr Jain was examined twice by the agency, while his wife was quizzed once, they said. The agency has alleged that the minister had control over these companies either in the form of being one of the directors and by holding one-third of shares of these companies in his name or in the names of his family members or others.
“Although he had resigned from directorship of the three companies in 2013, before contesting elections, however, his investments in these companies were allegedly continued,” said a senior CBI official. He said it was further alleged that the companies did not have any business and were shell companies and were utilised for parking money in the form of investments in equity shares in connivance with Kolkata-based shell companies.
