India News | ED Attaches Assets of Firm Owned by Brother-in-law of Maharashtra CM
Get latest articles and stories on India at LatestLY. The ED on Tuesday said it has attached assets worth Rs 6.45 crore of a company owned by the brother-in-law of Maharashtra Chief Minister Uddhav Thackeray in connection with a money laundering investigation.
New Delhi, Mar 22 (PTI) The ED on Tuesday said it has attached assets worth Rs 6.45 crore of a company owned by the brother-in-law of Maharashtra Chief Minister Uddhav Thackeray in connection with a money laundering investigation.
In a statement, the Enforcement Directorate said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach 11 residential flats in Neelambari project, located in Thane near Mumbai, of Shree Saibaba Grihanirmiti Private Limited.
Shridhar Madhav Patankar, the brother of Thackeray's wife Rashmi, "owns and controls" Shree Saibaba Grihanirmiti Private Limited, it said.
The agency alleged funds that were allegedly siphoned off in a money laundering case being investigated against a company named Pushpak Bullion were "parked" in the real estate projects of Shree Saibaba Grihanirmiti Pvt. Ltd.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)