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

“Coming soon.. 2025”: KL Rahul and Athiya Shetty announce first pregnancy

Mangaluru: Unauthorized bus stops at signals fuel traffic woes and safety concerns

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal

Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid

World Bunts Summit to be held in Mumbai on December 7

Related Articles More

Bank fraud: ED seizes jewellery, cash worth over Rs 1 cr in raids against Bhopal-based company, directors

No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud

CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too

Akhilesh Yadav attacks BJP on demonetisation anniversary

DeMo paved way for monopolies by devastating MSMEs, informal sector: Rahul on note ban anniversary

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

24/7 CT Scan Facility Inaugurated at Dr. TMA Pai Rotary Hospital, Karkala

Bengaluru Police Eye Care Project inaugurated

50-60% cancer cases detected in India annually are preventable, say oncologists

Finance Minister reviews progress of planetarium in Mysuru

Bank fraud: ED seizes jewellery, cash worth over Rs 1 cr in raids against Bhopal-based company, directors

Thanks for visiting Udayavani

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