The Central Bureau of Investigation has registered a preliminary enquiry against Delhi Health Minister Satyendar Jain to probe allegations of money laundering against him, using shell companies.
The action comes on a reference from the Income Tax department.
The CBI alleged that while holding public office, Mr. Jain laundered about ₹4.63 crore in 2015-16 through three companies.
It has also been alleged that Mr. Jain got ₹11.78 crore laundered between 2010 and 2012 through these companies and Indometal Impex Pvt. Limited. “The cash was allegedly transferred to Kolkata-based accommodation entry operators through his employees or associates. The funds were routed through shell companies for accommodation entry in the form of their shares, bought at a premium of about 60 times their actual value,” said a CBI official.
The CBI is probing the allegation that ₹27.69 crore was used by Mr. Jain to acquire agricultural land in the national capital.