ED attaches properties worth Rs 65 cr of Naresh Jain, others

New Delhi, March 1 : The Enforcement Directorate (ED) has attached properties to the tune of Rs 65.75 crore belonging to several persons associated with international hawala kingpin Naresh Jain and his companies in connection with a money laundering prtobe.
The ED in a statement said that it attached several moveable and immoveable properties consisting of residential properties, project lands and industrial plots located in Delhi, Rajasthan and Madhya Pradesh worth Rs 65.75 crore in possession of Bimal Kumar Jain, Sunita Jain, Vijay Agrawal and the companies owned or controlled by hawala operator Naresh Jain under the Prevention of Money Laundering Act (PMLA).
The official said the assets of Naresh Jain controlled or owned companies — Jayna Infrastructure Limited, Graphic Buildcon Pvt Ltd, Arrow Buildtech Pvt Ltd, Season Buildwell Pvt Ltd, Konark Craft Pvt Ltd and others have been attached.
The ED had registered a case of money laundering on the basis of the FIR registered by Economic Offences Wing of the Delhi Police.
The ED official said that during probe it was revealed that Naresh Jain, Bimal Kumar Jain, employees of Naresh Jain and others hatched a criminal conspiracy and committed forgery and cheating.
He said that documents like identity proof, birth and education certificate, voter ID, PAN card and signatures were forged or fabricated by Naresh Jain and other co-conspirators to incorporate hundreds of shell companies or shell entities in India and in other foreign jurisdictions.