New Delhi: The Enforcement Directorate (ED) has seized flats worth around Rs 410 crore from a Mumbai-based realty group and a company of actor-producer Sachin Joshi, and the plots have been attached under the Anti-Money Laundering Act.
Joshi, who has acted in Telugu and Hindi films, is the son of promoter and businessman JM Joshi. JM Joshi has a business related to Gutkha and Pan Masala production and hospitality. Sachin Joshi has also produced some films. The directorate said in a statement that a flat worth Rs 330 crore in the tower of the group building located at Worli, Mumbai, and a plot of land (approximately) worth Rs 80 crore located in the Virams of Pune of a company linked to Sachin Joshi. Preliminary orders have been issued under the Anti-Money Laundering Act (PMLA) for attachment of Rs.
“Out of Rs 410 crore, an amount of Rs 330 crore was laundered through Omkar Group building and a number of Rs 80 crore (approximately) were routed through Sachin Joshi and his Viking group companies for services and services,” the agency said. The rectification was done under the guise of investment.”
The directorate had raided these establishments in January last year and filed a charge sheet in March, which named the chairman of Realtors and Developers Company, its managing director, and Sachin Joshi (37) and their companies. The directorate had arrested the three last year. Joshi was granted temporary bail for four months by the Supreme Court in September last year and two others are in judicial custody.
The central agency’s case is based on an FIR registered by Aurangabad police against Gupta and Verma in 2020 for fraudulently taking a loan of Rs 410 crore from Yes Bank for the redevelopment of the ‘Anand Nagar Jhuggi Basti Rehabilitation Authority’ and using this money. Accused of using it for some other work.
