Money laundering case: Court is likely to approve an order on Sanjay Raut’s bail statement

A special court in Mumbai is likely to make its order Wednesday on MP Shiv Sena’s release on bail. Sanjay Raut in a money laundering case related to the Patra Chawl redevelopment project.

Special judge MG Deshpande, appointed to hear cases related to the Prevention of Money Laundering Act (PMLA), reserved the order last week after hearing arguments from both sides.

The Enforcement Directorate (ED) arrested Rajya Sabha member Raut in July this year for his alleged role in financial irregularities related to the redevelopment of Patra Chawl (row housing) in suburban Goregaon.

He is currently in judicial custody and housed at Arthur Road Jail in Mumbai.

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Raut had claimed in his bail statement that the case against him was a perfect example of “abuse of power” and “political vendetta”.

The ED had objected to Raut’s statement, saying he played a significant role in the money laundering case related to the Patra Chawl redevelopment and acted “behind the curtains” to avoid the money trail.

The ED investigation concerns alleged financial irregularities in Patra Chawl’s remodel and related financial transactions involving his wife and partners.

Siddharth Nagar, popularly known as Patra Chawl, in Goregaon is spread over 47 acres and is home to 672 tenant families.

In 2008, the Maharashtra Housing and Area Development Authority (MHADA), a government agency, awarded a redevelopment contract for Chawl to Guru Ashish Construction Private Limited (GACPL), a sister company of Housing Development and Infrastructure Ltd (HDIL). .

GACPL was supposed to build 672 apartments for tenants and also give some apartments to MHADA. It was free to sell the remaining land to private developers.

But the tenants did not get a single flat in the last 14 years as the company did not redevelop Patra Chawl and sold plots of land and Floor Space Index (FSI) to other builders for Rs 1034 crore, according to the ED .

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Author: Sumit Patel

This is Sumit Patel years of experience in the field of journalism, Sumit Patel heads the editorial operations of the Elite News as the Executive Reporter.

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