A particular courtroom 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 Builders. Joshi was produced earlier than a particular choose for Prevention of Cash Laundering Act instances 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 needed to confront him with different accused and
examine the utilization of funds acquired from numerous firms of Omkar Group, it stated.
Joshi had acquired round Rs 37 crore from numerous firms of Omkar Group, the ED claimed. This was claimed to be the cash paid to him for his companies, however paperwork resembling invoices/debit notes didn’t add up, it alleged.
The company had earlier stated it needed 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 Sure Financial institution have been diverted and accused (Sachin Joshi) helped promoters of Omkar Group in diversion of a minimum of 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 Builders 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 Sure Financial institution.