The case was registered on the allegation that Jain had acquired movable properties in the name of various persons between 2015 and 2017 which he could not satisfactorily account for.
Later, the ED also registered a case and alleged several companies beneficially owned and controlled by him received accommodation entries amounting to ₹4.81 crore from shell companies against cash transferred to Kolkata-based entry operators through a hawala route.
Source: Barandbench
