India, Nov. 7 -- An appellate tribunal that deals with attachment of assets in black money caseshas upheld a 2019 attachment of Rs.5.3 crore as "benami property" linked to Aam Aadmi Party (AAP) leader Satyendar Jain and his two alleged associates who had deposited the money as tax under the Income Tax Declaration Scheme, 2016.

In an order passed last week, a bench of members Balesh Kumar and Rajesh Malhotra at the appellate tribunal for forfeited property (ATFP) in New Delhi dismissed the appeals by the three people and ruled that Vaibhav and Ankush Jain were "benamidars" (asset purchased in their names) while Satyendar Jain was the "beneficial owner" of the attached amount. HT has seen the copy of the order.

The matter relates to two a...