ED takes custody of builder Avinash Bhosale in money laundering case


PTI, Jun 28, 2022, 12:06 PM IST

The Enforcement Directorate has taken the custody of ABIL group chairman Avinash Bhosle in connection with an alleged money laundering case, an official said on Tuesday. The Pune-based businessman had earlier been arrested by the Central Bureau of Investigation (CBI) in connection with an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of the DHFL.

He was subsequently lodged at the Arthur Road prison in Mumbai.

On Monday evening, officials of the ED took Bhosale’s custody from the prison, the official said. He will be produced before a court later in the day, sources said. The CBI probe in the Yes Bank-DHFL bank fraud case had brought under the scanner the role of Pune-based auto driver-turned-real estate baron Avinash Bhosale, who as a middleman allegedly received kickbacks of over Rs 360 crore from another real estate developer for facilitating loans from the DHFL, which turned into nonperforming assets, officials earlier said.

The CBI had stumbled upon two payments of over Rs 68.8 crore and Rs 292 crore to Bhosale’s companies made by Radius Developers, whose owner Sanjay Chhabaria was recently arrested in the case, they had said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Report on Sambhal mosque survey likely to be submitted to local court; security tight in district

CCI orders probe against Google, affiliates for ‘unfair’ business practices in gaming apps’ listing on Play Store

Mahayuti leaders finalize power sharing pact with Amit Shah; CM’s name awaited

Karnataka govt to spend Rs 2,500 crore to upgrade 500 government schools

My name not mentioned anywhere, says Ex-Andhra CM Jagan on Adani bribe controversy

Three women missing in dense Kerala forest; Search operation underway

Heavy rain forecast: Pondy govt declares holiday for educational institutions on Nov 29, 30

Related Articles More

Joint India-Lanka naval operation, 500 kg of crystal meth seized

‘Pakodas for masses, halwa for chosen few’: Congress slams Modi govt as ILO report flags wage inequality

Fishing vessel-submarine collision: Bodies of two missing crew members recovered

Report on Sambhal mosque survey likely to be submitted to local court; security tight in district

Three women stranded in dense forest rescued

MUST WATCH

Grafting

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing


Latest Additions

Gill returns to nets after recovering from thumb injury

Joint India-Lanka naval operation, 500 kg of crystal meth seized

‘Pakodas for masses, halwa for chosen few’: Congress slams Modi govt as ILO report flags wage inequality

ED raids Raj Kundra, others in pornographic content linked money laundering case

FIR registered against Karnataka seer over his remarks on voting power to Muslims

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.