Land Worth Rs 4 Crore Seized In Pune By Enforcement Directorate

Land worth Rs 4 crore seized in Pune By Enforcement Directorate: Maharashtra.

The land worth Rs 4 crore was seized in Pune in connection with the Avinash Bhosle money laundering case.

The Enforcement Directorate (ED) said that land worth Rs 4 crore has been attached against Pune-based businessman Avinash Bhosale as part of a money-laundering probe.

The probe agency has said, “The seized property island where the corporate office of ABIL (Avinash Bhosale Infrastructure Limited) and other group companies are located.”

Avinash Bhosle is the promoter of the ABIL group of companies. This land is Plot No. 2 in Yashwant Gadge Nagar Co-Operative Housing Society, Range Hill Corner on Ganeshkhind Road, Pune.

The probe agency has issued a provisional order for confiscation of land under the Prevention of Money Laundering Act (PMLA).

The ED’s money laundering case against Bhosale is based on the FIR of the City Police.

The FIR alleges that the land was transferred by Ranjit Mohite to ARA Properties in violation of the original allotment conditions.

The ED has said, “As per the primary condition fixed by the government at the time of allotment in 1951, the land could be transferred only to the government or the commissioned officer.”

Several incriminating documents were recovered in the raids conducted earlier.

Documents confirming the FIR were also found in the raid. ED has already questioned Bhosale in this case.

Significantly, in connection with the investigation of a money laundering case, the Enforcement Directorate raided two residences of former Maharashtra HM Anil Deshmukh in Nagpur district.

Two separate ED teams raided Deshmukh’s residence in Katol town, about 60 km from here, and his ancestral house in Vadvihira village near Katol, a police official said.

The raid started around 6 am. The official said that searches were going on at Deshmukh’s premises at Katol, while the search was completed at Vadavihira.

The ED is probing a money laundering case allegedly involving bribery and the recovery of crores of rupees.