National
‘Shell companies linked to Satyendar Jain raised money to buy land’
New Delhi, Aug 26 (IANS) The CBI on Saturday said it was probing the transaction of money which was received by four shell companies in its ongoing money laundering probe against Delhi Health Minister Satyendar Jain.
A Central Bureau of Investigation (CBI) official said Jain and his wife had shares in the companies, and the money, whose transaction is being probed, was used to buy 200 bighas of land on the city outskirts.
According to the Central Bureau of Investigation (CBI), the land was bought in three Delhi villages namely Auchandi, Karala and Mohammad Mazvi during 2010-2016.
The money came into Akinchan Developers, Indo Metal Impex Pvt. Limited, Prayas Infosolutions and Mangalyatan Projects in which Satyendra Jain and his wife were shareholders — to buy 200 bighas of land on Delhi’s outskirts.
The official said that IT investigations in 2013 found that Rs 16.38 crore were received by these four shell companies.
“We are yet to get input from where the money came into the four shell companies related to the minister and his wife Poonam Jain,” the official said.
Sources in the CBI said the land was bought at around Rs 17 crore while shares were worth around Rs 16 crore. The market value of the land is said to be much higher.
The CBI officials said the investigation so far has found that these four Delhi-based shell companies were not doing any business.
The official added that the money transactions were being done with 30 Kolkata-based shell companies illegally by the four Delhi-based shell companies linked to Jain and his wife in which they had a one-third share.
Jain allegedly had control over these shell companies either in the form of being one of the directors and by holding 1/3rd shares of these firms in his name or in the names of his family members and others.
Although, he had resigned from the directorship of three companies in 2013 before contesting the election, his investments in these companies allegedly continued.
Informed sources said that three Kolkata-based contact persons Rajendra Bansal, Jitendra Mishra and Abhishek Chokhani’s names also figured in the money trail.
CBI spokesperson Abhishek Dayal said the agency is examining some incriminating documents seized during its raids conducted on Friday at four locations in Delhi including Jain’s official residence.
The CBI’s move came after it registered a case under charges of Prevention of Corruption Act and abetment charge against Jain, his wife and four of his associates on Thursday.
It has been alleged that Jain, while functioning as a public servant, had amassed assets disproportionate to his known sources of income to the extent of Rs 1.62 crore during December 14, 2015 to May 31, 2017.
The CBI in April this year had registered a preliminary inquiry against Jain and others in an alleged money laundering case to the tune of Rs 4.63 crore in 2015-16 and found during its inquiry that Jain and his associates were involved in money laundering through shell companies.
During its investigation the CBI found that these four Delhi-based companies sold their shares to Kolkata-based companies and then bought them back at a lesser price.
“Jain and his wife could not explain the money trail. Jain’s daughter Soumya Jain is a shareholder in their family company J.J. Ideal Estate. This family company did Rs 15 lakh transaction with some of these Kolkata based companies. It also did transactions with Mangalyatan,” the official added.
–IANS
rak-am/pgh/bg
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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