Mumbai: The Enforcement Directorate on Friday attached immovable and movable properties totalling Rs 72 crore of Shiv Sena lawmaker Sanjay Raut's relative Pravin Raut.
The properties have been attached under the provisions of the Prevention of Money Laundering Act (PMLA) in PMC Bank money laundering case.
Investigation under PMLA was initiated on the basis of FIR registered by Economic Offences wing of Mumbai Police under Sections 409, 420, 465, 466, 471 read with 120 Bof IPC against Housing Development Infrastructures Ltd.(HDIL), Rakesh Kumar Wadhawan, Sarang Wadhawan, Waryam Singh, Joy Thomas (Chairman and Managing Director of PMC bank Ltd.) and others for causing loss to the tune of Rs 4355 crores to PMC Bank and corresponding gain to themselves.
The investigation also revealed that Pravin Raut paid an amount of Rs 1.6 Crore to his wife Madhuri Pravin Raut from the proceeds of the crime.
Out of the said money, Madhuri Raut transferred Rs 55 lakh as an interest-free loan to Varsha Raut, wife of Sanjay Raut.
The amount was further utilised for purchase of a flat at Dadar East in Mumbai.
The investigation further revealed that Varsha Sanjay Raut and Madhuri Pravin Raut are partners in Avani Construction.
Varsha Sanjay Raut has received Rs 12 lakh from this entity (as overdrawn capital converted to loan) on a contribution of mere Rs 5,625.
Notably, the loan amount of Rs 12 lakh still remains outstanding.
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