Sanjay Raut under ED lens in another money laundering case

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Shiv Sena MP Sanjay Raut, who’s at the moment in ED custody in Patra chawl case, might face a probe in reference to one other cash laundering case.

Sanjay Raut was despatched to ED custody until August 4 in Patra chawl cash laundering case. (Photograph: India At present)

HIGHLIGHTS

  • Sanjay Raut might face ED probe in one other cash laundering case
  • ED has sought custody of his shut aide Pravin Raut
  • Pravin Raut is linked to PACL rip-off case

Shiv Sena MP Sanjay Raut, who’s in Enforcement Directorate (ED) custody presently within the Patra Chawl cash laundering case, might face investigation in one other case the place his shut aide Pravin Raut’s custody has been sought by the probe company.

In July, the ED moved a particular PMLA court docket in Mumbai in search of custody of Pravin Raut within the PACL rip-off case and wished to take him to Delhi for investigation. Raut could not be taken to Delhi resulting from manpower-related points, however the authorized proceedings are nonetheless on, as per sources.

Pravin Raut can also be the prime accused within the Patra Chawl case and it’s from Raut that Rs 1.06 crores (proceeds of crime) had been transferred to Sanjay Raut and his relations.

WHAT IS PACL SCAM CASE

PACL allegedly collected Rs 49,100 crore from crores of traders on the pretext of sale and improvement of agricultural land. Through the probe, it was established that administrators of PACL siphoned off quantities acquired from traders and utilised the identical for private positive aspects by investing in numerous entities.

ROLE OF PRAVIN RAUT

An ED probe revealed that PACL transferred Rs 2285.79 crores to 1 Prateek Kumar who invested Rs.94.61 Crores in DDPL and Unicorn. PACL additionally transferred Rs. 110.95 crores in Systematix Enterprise Capital Belief via its 25 entrance firms, which was invested in DDPL and Unicorn within the type of OFCD and fairness.

READ | Sanjay Raut arrested in Rs 1,034-crore Patra Chawl rip-off case

The company has additionally alleged that utilizing the funds, DDPL and Unicorn purchased land parcels in Maharashtra. They entered into agreements with a number of entities for the sale of ground area index (FSI) and building of residential-cum-commercial initiatives from which the 2 corporations earned large income.

Pravin Raut was taken on board by the DDPL and Unicorn for the sale of FSI and building of residential and business initiatives by the 2 firms. Additional investigations revealed that DDPL and Unicorn had been to switch 10 lakh sq. toes of FSI of land bought by Raut after finishing the venture. This was being completed to settle disputes between unique house owners of land after which these holding possession of the land to assist in land buying, constructing materials procurement and get numerous approvals.

Pravin Raut’s custody was sought by the company to seek out out the additional path of proceeds of crime and funds diverted by involved accused firms and individuals concerned.

Of their remand report whereas in search of custody of Sanjay Raut, ED officers had said that Pravin Raut was a detailed aide of Sanjay Raut and never solely diverted proceeds of crime from Patra chawl case however there have been another transactions underneath scanner.

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