ED summons Sanjay Raut’s spouse once more in PMC Bank cash laundering case

Image Source : FILE ED summons Sanjay Raut’s spouse once more in PMC Bank cash laundering case
The ED has issued recent summons towards Varsha Raut, spouse of Shiv Sena chief Sanjay Raut, for a second spherical of questioning on January 11 in reference to the Rs 4,300 crore PMC Bank cash laundering case, official sources stated.

Varsha Raut was grilled and her assertion recorded underneath the Prevention of Money Laundering Act (PMLA) by the central probe company for the primary time on January 4 at its workplace. The company desires to query her additional and therefore she has been summoned to seem on January 11, the sources stated.

The company is probing her function within the alleged financial institution mortgage rip-off with regard to switch of Rs 55 lakh funds by the spouse of an accused within the case, Pravin Raut, other than another transactions.

Pravin Raut has been a director in a infrastructure firm referred to as Guruashish constructions and is said to be a subsidiary of the HDIL (Housing Development Infrastructure Limited), an accused agency on this case.

Pravin Raut was arrested up to now by the state police financial offences wing.

The ED had lately connected Pravin Raut’s belongings value Rs 72 crore on this case and has questioned him and his spouse Madhuri Raut up to now.

The company had alleged that Pravin Raut had “siphoned off” Rs 95 crore value funds from the scam-hit financial institution within the garb of mortgage, out of which he paid Rs 1.6 crore to his spouse Madhuri Raut who subsequently transferred Rs 55 lakh in two tranches to Varsha Raut, spouse of Sanjay Raut, as “interest free loan.”

“The amount was further utilised for purchase of flat in Dadar East, Mumbai,” the ED had stated.

Probe discovered that Varsha Raut and Pravin Raut “are partners in Avani Construction and Varsha Raut has received Rs 12 lakh from this entity (as overdrawn capital converted to loan) on a contribution of mere Rs 5,625.”

“The loan amount of Rs 12 lakh still remains outstanding,” it had stated.

Sanjay Raut, 59, is a Rajya Sabha MP and likewise a spokesperson of the Shiv Sena, which is in energy in Maharashtra and is a former ally of the BJP.

The MP, whereas holding a press convention right here someday again, had denied any wrongdoing on the a part of his spouse and stated they’ve been in correspondence with the ED in reference to the case for about one-and-a-half months.

Official sources stated the company can also be probing the function of a former Shiv Sena legislator with regard to a Rs 1 crore transaction between the PMC Bank and an affiliation linked to him.

The ED had filed a prison case of cash laundering to probe the alleged mortgage fraud within the Punjab and Maharashtra Co-operative (PMC) Bank in October final 12 months towards Housing Development Infrastructure Ltd (HDIL), its promoters Rakesh Kumar Wadhawan, his son Sarang Wadhawan, its former chairman Waryam Singh and ex-managing director Joy Thomas.  

It took cognisance of a Mumbai Police financial offences wing FIR towards them that charged them for inflicting “wrongful loss, prima facie to the tune of Rs 4,355 crore to the PMC Bank, and corresponding gains to themselves”.
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