ED attaches property worth Rs 6 crores owned by CM Uddhav Thackeray’s brother-in-law in money laundering case
Properties attached by ED are worth more than Rs 6 crores, including 11 residential flats in the ‘Neelambari’ project in Thane.
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Mumbai, March 23: The Enforcement Directorate (ED) provisionally attached properties owned by Maharashtra chief minister Uddhav Thackeray’s brother-in-law Shridhar Madhav Patankar in connection with a money laundering case.
Uddhav Thackeray’s brother-in-law Shridhar Madhav Patankar owns and controls Shree Saibaba Grihanirmity Pvt Ltd company. Shridhar is the brother of Rashmi Thackrey, wife of Uddhav Thackrey and editor of Saamana newspaper.
A press release related to the attachment said that earlier ED had recorded a money laundering case against Pushpak Bullion and group companies on 06.03.2017, under the provisions of PMLA, 2002 and has already provisionally attached immovable and movable properties of Pushpak Bullion to the tune of Rs. 21.46 Crore belonging to Mahesh Patel, Chandrakant Patel, their family members and companies controlled by them.
It further said, “Nandkishore Chaturvedi who operates a number of shell companies further transferred the money through his shell company Humsafar Dealer Private Limited in the garb of extending unsecured loans in excess of Rs 30 crores to Shree Saibaba Grihanirmiri Pvt. Ltd. Thus, the money siphoned off by Mahesh Patel in connivance with Nandkishore Chaturvedi was parked in the real estate projects by Shree Saibaba Grihanirmiti Pvt. Ltd.”
Properties attached by ED are worth more than Rs 6 crores, including 11 residential flats in the ‘Neelambari’ project in Thane. The properties belong to a firm, Shree Saibaba Grihanirmiti Pvt Ltd &, owned by Patankar.
The attachment of properties owned by Uddhav Thackeray’s brother-in-law took place in connection with the money laundering case against Pushpak Bullion - one of the Group companies of Pushpak Group. In its investigation, the ED reportedly found that the Pushpak group had funnelled a part of illegally earned money into accounts of Shree Saibaba Grihanirmiti Pvt Ltd and it was used for purchasing 11 flats Neelambari project at Thane.
Uddhav Thackeray’s brother-in-law Shridhar Madhav Patankar owns and controls Shree Saibaba Grihanirmity Pvt Ltd company. Shridhar is the brother of Rashmi Thackrey, wife of Uddhav Thackrey and editor of Saamana newspaper.
A press release related to the attachment said that earlier ED had recorded a money laundering case against Pushpak Bullion and group companies on 06.03.2017, under the provisions of PMLA, 2002 and has already provisionally attached immovable and movable properties of Pushpak Bullion to the tune of Rs. 21.46 Crore belonging to Mahesh Patel, Chandrakant Patel, their family members and companies controlled by them.
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“Subsequent investigation revealed that Mahesh Patel had siphoned off and layered funds of Pushpak group concern Pushpak Realty in connivance with Mr Nandkishore Chaturvedi (Accommodation Entry provider). Pushpak Realty Developer, in the garb of sale, transferred funds to the tune of Rs. 20.02 crore to the entities controlled by Nandkishore Chaturvedi after layering it through various connected/ unconnected entities,” the press release added.
It further said, “Nandkishore Chaturvedi who operates a number of shell companies further transferred the money through his shell company Humsafar Dealer Private Limited in the garb of extending unsecured loans in excess of Rs 30 crores to Shree Saibaba Grihanirmiri Pvt. Ltd. Thus, the money siphoned off by Mahesh Patel in connivance with Nandkishore Chaturvedi was parked in the real estate projects by Shree Saibaba Grihanirmiti Pvt. Ltd.”