raids on the premises of a agency promoted by a
Maharashtra
MLA for alleged “unlawful diversion of
financial institution funds”
in the Rs 4,300-crore
PMC
Bank
fraud and cash laundering
case, official sources mentioned on Saturday.
On Friday, the company searched 5 residential and enterprise premises linked to the Viva Group, promoted by Bahujan Vikas Agadhi (BVA) occasion chief and
MLA Hitendra Thakur, its associates and two of its monetary consultants
in the Vasai-Virar space of
Maharashtra‘s Palghar district and Andheri, Juhu and Chembur suburbs of Mumbai, the sources mentioned.
Mehul Thakur, managing director of the Viva Group, and Gopal Chaturvedi, a chartered accountant, have been arrested underneath sections of the Prevention of Money Laundering Act (PMLA)
after the
raids.
Action was taken
against the 2 as they have been allegedly not cooperating
in the investigation. The
ED will now search their custody when they’re produced earlier than an area courtroom
in Mumbai on Saturday, the sources mentioned.
Rs 73 lakh money, incriminating digital and documentary evidences have been recovered throughout the operation.
Thakur’s occasion had pledged the assist of its three MLAs, together with his legislator son Kshitij Thakur, to the Maha Vikas Aghadi (MVA) authorities led by Shiv Sena chief and
Maharashtra chief minister Uddhav Thackeray.
The NCP and the Congress are additionally a part of the MVA.
The central company has filed a prison
case of cash laundering to probe the alleged mortgage
fraud
in Punjab and
Maharashtra Co-operative (
PMC)
Bank
in October 2019
against Housing Development Infrastructure Ltd (HDIL), its promoters Rakesh Kumar Wadhawan, his son Sarang Wadhawan, its former chairman Waryam Singh and ex-managing director Joy Thomas.
It took cognisance of a Mumbai Police financial offences wing FIR
against them that charged them with inflicting “wrongful loss, prima facie to the tune of Rs 4,355 crore to
PMC
Bank and corresponding good points to themselves”.
The
raids have been carried out to gather extra proof
after it was discovered that the “Wadhawans
in connivance with Viva Group have diverted greater than Rs 160 crore from HDIL to many firms and entities belonging to Viva Group
in the garb of fee”.
“Source of those funds from HDIL to Viva Group is seemingly the unlawful fund diversion from
PMC
Bank,” the
ED claimed
in an announcement issued on Friday.
The company mentioned
in an announcement that it’s also probing one other occasion involving the searched agency the place the Wadhawans allegedly siphoned Rs 200 crore mortgage sanctioned by Yes
Bank to an organization referred to as Mack Star Marketing Pvt Ltd.
“This mortgage was siphoned by the Wadhawans by displaying it for fictitious objective,” it mentioned.
Yes
Bank, its promoters and executives are being probed by the
ED as a part of a separate cash laundering
case linked to sanction of unlawful loans to varied entities.
The
ED had earlier questioned Varsha Raut, the spouse of Shiv Sena MP Sanjay Raut,
in the
PMC
case for alleged switch of Rs 55 lakh suspect funds as “curiosity free mortgage” into her account by Madhuri Raut, the spouse of Pravin Raut, one other accused
in the
case.
