Image Source : INSTAGRAM/SACHIN JOSHI Enforcement Directorate custody of actor-producer Sachin Joshi prolonged
A particular court docket in Mumbai on Thursday prolonged the Enforcement Directorate custody of actor-producer Sachin Joshi in a cash laundering case until February 22. The ED arrested Joshi, whose household is within the gutka manufacturing enterprise and who had acted in “Jackpot” and few different movies, on February 14 in reference to a case towards city-based agency Omkar Realtors and Developers. Joshi was produced earlier than a particular choose for Prevention of Money Laundering Act circumstances A A Nandgaonkar after his first remand ended.
The Central company sought his additional custody, claiming he was not co-operating with the probe. It wished to confront him with different accused and
examine the utilization of funds obtained from numerous corporations of Omkar Group, it mentioned.
Joshi had obtained round Rs 37 crore from numerous corporations of Omkar Group, the ED claimed. This was claimed to be the cash paid to him for his companies, however paperwork equivalent to invoices/debit notes didn’t add up, it alleged.
The company had earlier mentioned it wished to probe the “diversion” of about Rs 87 crore, allegedly misappropriated from a slum rehabilitation scheme fund, from Omkar Group to Viking Group, an organization linked to Joshi.
“Loans availed from Yes Bank were diverted and accused (Sachin Joshi) helped promoters of Omkar Group in diversion of at least Rs 87 crore,” the ED had claimed earlier.
Joshi, in his assertion recorded by the ED, denied wrongdoing.
The ED final month arrested Omkar Realtors and Developers chairman Kamal Kishore Gupta and its managing director Babulal Varma.
The case towards them pertains to alleged irregularities within the execution of a Slum Rehabilitation Authority scheme. The duo and the corporate are additionally going through allegations of diversion of an over-Rs 400 crore mortgage from Yes Bank.
