ED attaches land parcels worth over Rs 73 crore of Shiv Sena (UBT) MP’s alleged associate
THE JHARKHAND STORY DESK Advertisement New Delhi, April 24: In connection with a money laundering investigation into alleged anomalies in the…
THE JHARKHAND STORY DESK
New Delhi, April 24: In connection with a money laundering investigation into alleged anomalies in the redevelopment of Mumbai’s Patra Chawl, the ED stated on Wednesday that it had attached land parcels worth more than Rs 73 crore belonging to Pravin Raut, an alleged associate of Shiv Sena (UBT) MP Sanjay Raut.
It stated that the immovable assets are situated in and around Thane, Palghar, Dapoli and Raigad.
In this particular case, the Enforcement Directorate had arrested Sanjay Raut and Pravin Raut.
An FIR from the Mumbai Police’s Economic Offenses Wing (EOW) is the basis for the money laundering investigation.
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ED alleges financial misconduct in chawl construction
The task of reconstructing the Patra chawl in the Goregaon neighbourhood of Mumbai, for the rehabilitation of 672 tenants was assigned to a company called Guru Ashish Construction Pvt. Ltd., of which Pravin Raut was a director.
In a statement, the Enforcement Directorate said that there was substantial financial misconduct involved in the redevelopment process.
The agency stated that a three-party agreement was signed between the society, MHADA, and GACPL, wherein the developer (GACPL) was obligated to build flats for 672 tenants, construct flats for MHADA, and subsequently sell the remaining land area.
Nevertheless, the directors of GACPL deceived MHADA and unlawfully sold the Floor Space Index (FSI) to nine developers, garnering a sum of Rs 901.79 crore without fulfilling their obligation to construct the rehabilitation portion for the 672 displaced tenants and flats for MHADA.
It is alleged that Pravin Raut, Director of GACPL, diverted Rs 95 crore of the proceeds of crime into his personal bank accounts.
