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Money laundering case: Special PMLA court grants bail to Shiv Sena MP Sanjay Raut | India News

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NEW DELHI: A particular PMLA courtroom in Mumbai granted bail to Shiv Sena MP Sanjay Raut on Wednesday in a cash laundering case pertaining to the Patra Chawl redevelopment mission.
The Enforcement Directorate (ED) had arrested Rajya Sabha member Raut in July this 12 months for his alleged function in monetary irregularities in reference to the redevelopment of the Patra Chawl (row tenement) in suburban Goregaon.
He’s presently in judicial custody and lodged on the Arthur Street Jail in Mumbai.
Raut had in his bail plea claimed the case towards him was an ideal instance of “abuse of energy” and “political vendetta”.
The ED had opposed Raut’s plea, saying he performed a serious function within the cash laundering case associated to the Patra Chawl redevelopment and acted “behind the curtains” to keep away from the cash path.
The ED’s probe pertains to alleged monetary irregularities within the redevelopment of the Patra Chawl and associated monetary transactions involving his spouse and associates.
Siddharth Nagar, popularly generally known as the Patra Chawl, in Goregaon is unfold over 47 acres and homes 672 tenant households.
In 2008, the Maharashtra Housing and Space Growth Authority (MHADA), a authorities company, assigned a redevelopment contract for the Chawl to Guru Ashish Development Personal Restricted (GACPL), a sister firm of the Housing Growth and Infrastructure Ltd (HDIL).
The GACPL was supposed to construct 672 flats for the tenants and likewise give some flats to MHADA. It was free to promote the remaining land to non-public builders.
However the tenants didn’t get a single flat within the final 14 years as the corporate didn’t redevelop the Patra Chawl and offered land parcels and Flooring Area Index (FSI) to different builders for Rs 1,034 crore, as per the ED.
(With inputs from companies)

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