The Delhi government had reacted to the Union Home Ministry's sanction to prosecute Jain by saying that the Centre couldn't even do witch-hunt properly.
Earlier, the Delhi government had reacted to the Union Home Ministry’s sanction to prosecute Jain by saying that the Centre couldn’t even do witch-hunt properly.
As per the details of the case, Jain allegedly floated or acquired several shell companies in Delhi. Jain allegedly also laundered black money of Rs 16.39 crore through 54 shell companies of three hawala entry operators of Kolkata.
“On being prosecuted by the I-T Department, Jain surrendered black money in form of cash of Rs 16.39 crore which was laundered using shell companies of Kolkata for purchasing 200 bigha of the land under Income Disclosure Scheme (IDS) 2016 on benami names of Vaibhav Jain and Ankush Jain. On enquiry, it was found that Vaibhav and Ankush were in no way connected with the shell companies floated or acquired by Jain during the period of money laundering,” the government official said.