The Enforcement Directorate has filed a chargesheet against Surendra Kumar Jain and Virendra Jain, two delhi based operator brothers who have helped many politicians convert their black money into legitimate business transactions using shell companies.
The two brothers are in judicial custody and were arrested on March 20 under the Prevention of Money Laundering Act and a chargesheet (prosecution complaint) was filed against them before a special court. They are believed to be associated with the with farm land purchased by former Bihar CM Lalu Prasad’s daughter Bharti Yadav.
The agency stated in a press note that, in view of their income through shell companies, ED has provisionally attached agricultural land, pertaining to Jain brothers. This land is at Bhatti village in New Delhi and has a market value of Rs 1.12 crore. The brothers are also accused of allegedly making over Rs 8,000 crore in the last 15 years using dozens of shell companies. A five-star hotel in Dwarka in the Capital belonging to them worth around Rs 65 crore was also attached to the case by the ED.