Mumbai: Enforcement Directorate (ED) on Friday arrested developer Yusuf Lakdawala in reference to the land seize case of Khandala. Lakdawala was grilled by the ED sleuths on Thursday for a number of hours after which he was positioned underneath arrest.
Lakdawala was arrested on a lookout discover issued by Mumbai Economic Offences Wing (EOW) at Ahmedabad airport whereas he was flying to London for therapy in April 2019. Later, primarily based on the EOW case, the ED additionally registered a money laundering case in opposition to Lakdawala in connection to the Khandala land seize.
As per an official assertion, throughout the investigation, search was performed on the varied premises associated to Yusuf M Lakdawalaand numerous incriminating paperwork and digital information have been seized from the premises of Yusuf M Lakdawala.
Bank accounts of those corporations, it was revealed that these corporations do not need worthwhile enterprise, nonetheless, transactions of crores of rupees have been made by way of these shell corporations.Â
It can also be discovered that funds werelayered by way of these shell corporations to cover the unique supply and the identical was utilised to buy the immovable properties of crores of rupees over the interval. In order to buy these properties,fee was given to different accused individuals, which was routed by way of the shell corporations of Yusuf M Lakadawala.
Â
Lakdawala and his affiliate, Mohan R Nair, have been booked on the criticism of Jitendra Badgujar, sub-registrar of Maval taluka, for allegedly usurping 4.38 acres of a plot of land, belonging to an erstwhile Hyderabad Nawab, in Khandala. Lakdawala was later granted bail in the mentioned case.
The probe company produced Lakdawala earlier than PMLA Court on Thursday the place they have been granted 5 day custody of the accused. Further investigation is in progress.
