Shiv Sena MP Sanjay Raut’s judicial custody was extended by a Mumbai special court on Monday for an additional 14 days in connection with a money laundering case involving suspected irregularities in the redevelopment of a Mumbai “chawl.”
In accordance with the Prevention of Money Laundering Act (PMLA), Raut, 60, was detained by the Enforcement Directorate (ED) on August 1 in relation to alleged financial irregularities in the reconstruction of the Patra Chawl (row tenement) in suburban Goregaon.
On Monday, he was produced before special PMLA judge MG Deshpande at the end of his judicial remand.
The Enforcement Directorate (ED) claims that the developers, one of whom is a close friend of Mr. Raut, made $1,039.79 crore fraudulently from this plan and that Mr. Raut also benefitted from it.
Mr. Raut was placed in judicial custody on August 8. In this case, the ED has previously seized Mr. Raut’s property and questioned his wife Varsha.
“It is a fact that the money trail of Rs 1.17 crore and Rs 1.08 crore did not appear before the court,” the special Prevention of Money Laundering Court had stated in its ruling from August 4. I believe that there has been legitimate progress in the investigation because additional money has been disclosed by ED along with bank statements.