News Desk, AnyTV, New Delhi
Published by: Abhishek Dixit
Updated Fri, 24 Jun 2022 08:31 PM IST
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According to the ED, Arjun Khotkar and others had formed Arjun Sugar Industries Pvt Ltd on May 8, 2012 to buy the factory. At present the property is in the name of this company. Khotkar, 60, has been a Shiv Sena MLA from Jalna and was also a minister in the government in Maharashtra. A money laundering probe is underway based on a report filed in August 2019 with the Economic Offenses Wing (EOW) of Mumbai Police.
On the other hand, the ED has arrested former Managing Director of Industrial Cooperative Bank Ltd. Shubrajyoti Bharali in a money laundering case. The central agency on Wednesday arrested Bharali for his involvement in a case and non-cooperation in the Prevention of Money Laundering Act (PMLA) and produced him before a special court on Thursday. He was handed over to the ED on seven-day remand.
The money laundering case is related to embezzlement of industrial cooperative bank funds against Bharali and others at Panbazar police station in Guwahati. After investigation, the ED said, it has been found that Bharali has cheated the bank of about 9.51 crores in the name of traveling and other allowances to the employees by misusing his post of Managing Director.
Expansion
The Enforcement Directorate (ED) has attached assets worth Rs 78.38 crore of Jalna-based sugar mill of former Shiv Sena MLA Arjun Khotkar in the ongoing money laundering probe in the Maharashtra State Cooperative Bank (MSCB) scam. The ED attached the plant, machinery, building and more than 200 acres of land of Jalna Cooperative Sugar Factory (SSK) located at Swargaon Hadap in the district by issuing a temporary order under the Prevention of Money Laundering Act (PMLA).
According to the ED, Arjun Khotkar and others had formed Arjun Sugar Industries Pvt Ltd on May 8, 2012 to buy the factory. At present the property is in the name of this company. Khotkar, 60, has been a Shiv Sena MLA from Jalna and was also a minister in the government in Maharashtra. A money laundering probe is underway based on a report filed in August 2019 with the Economic Offenses Wing (EOW) of Mumbai Police.
On the other hand, the ED has arrested former Managing Director of Industrial Cooperative Bank Ltd. Shubrajyoti Bharali in a money laundering case. The central agency on Wednesday arrested Bharali for his involvement in a case and non-cooperation in the Prevention of Money Laundering Act (PMLA) and produced him before a special court on Thursday. He was handed over to the ED on seven-day remand.
The money laundering case is related to embezzlement of industrial cooperative bank funds against Bharali and others at Panbazar police station in Guwahati. After investigation, the ED said, it has been found that Bharali has cheated the bank of about 9.51 crores in the name of traveling and other allowances to the employees by misusing his post of Managing Director.