According to sources former Congress MLA Rajesh Jain, who was arrested last month for allegedly making illegal transactions following notes ban, had helped exchange demonetized notes worth Rs 4.5 crore. Meanwhile the police said the Crime Branch had arrested Jain for allegedly conspiring with lawyer Rohit Tandon and some others to make illegal transactions by using fake bank accounts worth Rs 50 crore.
Further during interrogation, Jain was found to be in touch with a businessman Yogesh Mittal. Accordingly Mittal was arrested by the Enforcement Directorate in June for allegedly "picking up demonetized cash of Tandon during 14-19 November last year and depositing in various bank accounts of shell companies”.
Earlier it was found that demonetized currency worth
Rs 4.5 crore was deposited in Jain's two bank accounts last year and he had
charged a commission for getting it deposited in his account.
