Mumbai, Apr 1 (PTI) The Enforcement Directorate on Friday filed its charge sheet against businessman Pravin Raut in a money laundering case linked to irregularities to the tune of Rs 1,034 crore in a redevelopment project in Mumbai.

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Raut, a former director of Guru Ashish Construction Pvt Ltd, was arrested in February under the Prevention of Money Laundering Act (PMLA) and is currently in judicial custody.

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Raut's lawyer Ajay Bhise confirmed that the charge sheet had been filed, adding that the court is likely to take cognizance of it on April 8. He, however, did not provide any details of the charge sheet.

Earlier, during one of the remand hearings, the ED had told court Raut was "instrumental in generation, layering and integration of proceeds of the crime". It had also said Raut appears to be "acting as a front" or in collusion with some influential person(s).

The agency had said that, during the probe, it was revealed he made payments to certain "politically exposed persons".

The case against Pravin Raut pertains to alleged irregularities in the sale of FSI (floor space index) of a plot by a firm linked to him, which is also a subsidiary of Housing Development Infrastructure Ltd.

HDIL is being probed by ED and other agencies in connection with an alleged fraud of Rs 4,300 crore at the Punjab and Maharashtra Cooperative (PMC) Bank.

(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)