THE JHARKHAND STORY DESK
Mumbai, Jan 9: In connection with the money laundering case involving the building of a luxurious hotel in Jogeshwari, the Enforcement Directorate carried out raids at seven locations linked to MLA and leader of the Shiv Sena (Uddhav faction), Ravindra Waikar, and his associates, the agency stated on Tuesday.
The agency is conducting searches at approximately seven locations in Mumbai.
64-year-old Waikar serves as a legislator in the Maharashtra Legislative Assembly, representing the Jogeshwari East Assembly Constituency. He is closely associated with Shiv Sena leader Uddhav Thackeray.
What is the case?
The case concerns the alleged manipulation of land use conditions in order to construct a five-star hotel in Jogeshwari.
In regards to the “Rs 500 crore 5-Star Hotel Scam,” the Enforcement Department (ED) filed a case against Waikar earlier in November under the Prevention of Money Laundering Act (PMLA). The ED’s money laundering investigation is based on an FIR filed by the Mumbai Police Economic Offences Wing (EOW).
Waikar is alleged to have committed fraud against the BMC, amounting to Rs 500 crore, by securing approval to construct a luxury hotel on a parcel of land designated for a BMC playground.
