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The ED has summoned Shiv Sena MP Sanjay Raut on Tuesday for questioning in a cash laundering probe linked to the re-development of Mumbai’s ‘Patra Chawl’. The ED probe revolves across the Sena chief, alongside together with his spouse and a few shut associates.
Siddharth Nagar, popularly often called Patra Chawl, is situated within the northern Mumbai suburb of Goregaon. It had a complete of 672 homes, unfold over an space of 47 acres.
In 2008, the Maharashtra Housing and Improvement Authority (MHADA) undertook the redevelopment mission and gave the contract to Guru Ashish Building Personal Restricted (GACPL) to rehabilitate 672 tenants and to redevelop the locality.
An settlement between GACPL, MHADA and the tenants’ society was signed again then. It has been 14 years since then, and the folks of the realm proceed to attend for his or her houses.
Based on the tripartite settlement, GACPL was to supply flats to 672 tenants of Patra Chawl, develop flats for MHADA, and promote the remaining space to personal builders.
Nevertheless, the ED claims that Pravin Raut, an in depth affiliate of Sanjay Raut, and the opposite associates of GACPL misled MHADA, and offered the ground area index (FSI) to 9 non-public builders, accumulating Rs 901.79 crore, with out developing both the rehab portion for the 672 displaced tenants, or the MHADA portion.
Subsequently, GACPL launched a mission known as Meadows, and took the reserving quantity of round Rs 138 crore from flat consumers. The ED has alleged that the whole proceeds of the crime generated by Guru Ashish Constructions by means of these “unlawful actions” quantity to Rs 1,039.79 crore.
Guru Ashish is a subsidiary firm of the Housing Improvement Infrastructure Ltd. (HDIL). HDIL is underneath investigation by the ED and few different businesses in reference to the about Rs 4,300 crore alleged fraud on the Punjab and Maharashtra Cooperative (PMC) Financial institution.
The company has claimed that Pravin Raut obtained Rs 100 crore from actual property firm HDIL, and “diverted” it to numerous accounts of “his shut associates, member of the family, his enterprise entities”, together with the household of Sanjay Raut.
The ED has alleged that in 2010, Rs 83 lakh, which was a part of the proceeds of crime, was transferred to Sanjay Raut’s spouse Varsha Raut, who used the cash to purchase a flat in Dadar.
Other than this, no less than eight plots of land had been bought at Kihim seashore at Alibaug in Maharashtra within the identify of Varsha Raut and Swapna Patkar, the ED has alleged.
As per the settlement, the developer needed to pay lease to all 672 tenants each month until the completion of the mission. Nevertheless, the lease was paid solely until 2014-15. The tenants then began complaining concerning the non-payment of lease, and the delay within the completion of the mission.
As a result of non-payment of lease, delay, and the irregularities by the developer, MHADA issued a termination discover to the developer on January 12, 2018. Towards this discover, 9 builders who had purchased FSI from GACL, filed a swimsuit within the Bombay Excessive Court docket. The redevelopment mission was stalled, leaving 672 tenants within the lurch.
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