Mumbai Businessman Arrested In Rs. 1,034-Crore Money Laundering Case

Thursday, 3 February 2022newsdesk

The Enforcement Directorate on Wednesday arrested a Maharashtra-based businessman in a money laundering probe linked to a Rs. 1,034 crore land 'scam' related to the re-development of a 'chawl' in Mumbai.

New Delhi, 03 February 2022

As per news report of NDTV, Pravin Raut, a former director of a company called Guru Ashish Construction Pvt Ltd, was arrested following his questioning at the ED office in Mumbai. Premises linked to him were searched by the agency on Tuesday. Mr Raut was produced before a special Prevention of Money Laundering Act (PMLA) court in Mumbai that sent him to ED custody for eight days till February 9, the agency said in a statement. "Pravin Raut was found involved in offence of money laundering and to unearth the money trail and the siphoning of funds running into more than 1,000 crore, he was arrested...," it said.

Source - NDTV