ED questions Delhi Health Minister

April 03, 2018 05:02 pm | Updated 05:02 pm IST - NEW DELHI

 Delhi Health Minister Satyendar Jain. (File)

Delhi Health Minister Satyendar Jain. (File)

The Enforcemen Directorate on Tuesday questioned Delhi Health Minister Satyendar Jain in connection with a money laundering case.

The case pertains to alleged transfer of more than ₹16 crore from Kolkata-based shell companies to the firms in which Mr. Jain had stakes.

The agency alleges that about ₹4 crore had been laundered during Mr. Jain's tenure as a Minister in the Delhi government.

"The shell companies first bought the shares of his companies at a high premium, after which the shares were bought back at very low rates," said an official.

The ED may again summon Mr. Jain and his associates for recording their statements.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.