Actor/businessman Sachin Joshi remanded in ED custody till February 22
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The matter pertains to a ₹22 cr. slum rehabilitation fraud case involving Omkar Group.
A particular Prevention of Money Laundering Act (PMLA) court docket on Thursday remanded actor and businessman Sachin Joshi in Enforcement Directorate (ED) custody till February 22 in a ₹22 crore slum rehabilitation fraud case involving the Omkar Group.
ED counsel Additional Solicitor General Anil Singh sought an extension of Mr. Joshi’s custody as a result of they needed to interrogate him on the cellphone that had been seized by the company.
Mr. Joshi was arrested on February 14 and as per the ED, he had helped promoters of the Omkar Group to divert ₹87 crore. Apart from the money flows of Omkar Realtors and Developers Private (*22*), it was noticed that there have been big inter-company transactions with group firms, together with the businesses from which funds have been transferred to Mr. Joshi and his firms, the ED contended.
With respect to funds obtained in opposition to varied invoices raised by Mr. Joshi, the ED stated, “it is seen that the purpose mentioned in invoices for facilitating settlement of non-eligible tenants and possession of constructed rehabilitation units, help in getting consents from society, slum dwellers, committee members, brokerage towards land deal etc. However, when Mr. Joshi was asked about whether any such actual services were rendered, he stated that no actual slum rehabilitation work was done by him, but he was involved in facilitation with Omkar Group, where Omkar Group was to use his name and brand name in order to rehabilitate the tenants/settle with the tenants.”
The ED said, “The use of brand name and/or goodwill for settlement of non-eligible tenants appears to be very farfetched in the light of fact that neither Mr. Joshi nor his companies had ever done any Slum Rehabilitation Authority related work or Slum Rehabilitation project.”
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