The action was taken on September 15 under the Prevention of Money Laundering Act (PMLA), 2002.

The agency’s money laundering probe stems from a CBI case filed in 2017, which accused Jain of amassing disproportionate assets between February 2015 and May 2017 while serving as a minister in the AAP-led Delhi government. The CBI filed a chargesheet against him, his wife Poonam Jain, and others in December 2018.

In March 2022, the ED had earlier attached assets worth Rs 4.81 crore in the case and filed a prosecution complaint, which a Delhi court later took note of. With the latest action, the total attachment now stands at Rs 12.25 crore — an amount the agency says represents the entire value of disproportionate assets allegedly acquired by Jain.

This is a developing story. It will be updated.

Source: India Today