The Enforcement Directorate (ED) on Monday questioned Varsha Raut, spouse of Shiv Sena MP Sanjay Raut, in reference to a Rs 55 lakh curiosity free mortgage taken by her from Madhuri Raut, spouse of Pravin Raut, an accused within the Punjab and Maharashtra Cooperative (PMC) Bank fraud case.
Varsha, who was summoned by the ED thrice in reference to the case, had sought time from the company until January 5. However she appeared earlier than the company on Monday afternoon.
Sanjay Raut had earlier clarified that Pravin Raut and his spouse Madhuri are shut household associates however not relations.
The ED has alleged that Pravin Raut, a director of Guruashish Constructions Pvt Ltd — a subsidiary of Housing Development and Infrastructure Limited (HDIL) — siphoned Rs 95 crore and allegedly transferred Rs 1.6 crore to his spouse, who then gave Rs 55 lakh to Varsha Raut as an curiosity free mortgage in 2010-11.
The ED has claimed that there isn’t any doc in help of those funds made to Pravin Raut. The ED has alleged that the cash given by HDIL to Pravin Raut is recorded as funds for buying land within the Palghar space in Mumbai in its books.
According to the ED, the cash siphoned by Pravin have been loans availed by HDIL from PMC Bank. HDIL and its promoters are accused of a Rs 6,200-crore fraud on the financial institution. Last week the company provisionally connected property price Rs 72 crore of Pravin Raut underneath the Prevention of Money Laundering Act (PMLA).
The ED has alleged that Varsha used the cash to purchase a flat at Dadar in Mumbai. The company has discovered that Varsha and Madhuri are additionally companions in a agency referred to as Avani Construction. Varsha, sources stated, has additionally acquired a mortgage of Rs 12 lakh from this firm in opposition to a contribution of mere Rs 5,625 in the direction of its capital.
PMC Bank is underneath regulatory restrictions after the Reserve Bank of India discovered monetary irregularities in its functioning, hiding and classification of loans given to HDIL. The promoters of HDIL — Rakesh Wadhawan and Sarang Wadhawan — are at the moment in jail within the PMC Bank rip-off case.