ED attaches properties of this realtor in money laundering case
New Delhi: The ED has provisionally seized immovable assets like land worth Rs 4 crore of realtor Avinash Bhosale under the PMLA. Bhosale was running the real estate firm ARA Properties and Avinash Bhosale Infrastructure Ltd (ABIL).
The ED also searched premises that are in connection with this case of money laundering and even seized some vital incriminating documents, said ED in a statement.
The ED is probing Bhosale and other directors of ABIL after an FIR was filed by Pune Police. According to the FIR, a plot of land in the city of Pune was transferred by one Ranjit Mohite to realty firm ARA Properties which was in violation of the proper allotment conditions. The existing laws allowed the transfer of the land only to the government.