The ED stated that they connected two properties out of which one is in Worli and second is in Pune.
Initially, a case was filed in opposition to the agency by Aurangabad Police. The FIR was filed with City Chowk Police Station of Aurangabad. Later the police discovered that the agency was concerned in cash laundering. The data was shared with the federal anti cash laundering probe company.
Finally, the ED initiated cash laundering investigation on the idea of the FIR.
The ED had performed a search final yr in January and recovered a quantity of incriminating paperwork.
After the raid the ED had arrested Babulal Varma, the Managing Director of ORDPL, Kamal Kishore, Chairman of ORDPL and Sachin Joshi.
In March final yr, the ED filed first prosecution criticism (chargesheet) earlier than the particular Mumbai court docket.
The ED throughout investigation discovered that mortgage quantity Rs 410 crore was fraudulently acquired by Surana Developers Wadala, LLP, a sister concern of ORDPL by means of falsely elevated slum dwellers numbers and FSI.
“Out of Rs 410 crore, an amount of Rs 330 crore was laundered into the sale building of Omkar Group and an amount of Rs 80 crore approximately was laundered through Sachin Joshi and his Group of companies under the guise of services and investment,” stated the ED official.
The official stated that they have been additional probing the matter.