ED arrests Mumbai builder, financier Yusuf Lakdawala in money laundering case
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Last Updated: May 28, 2021, 09:51 PM IST
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Synopsis
The ED case against the 76-year-old Lakdawala and others was based on a 2019 FIR filed by the economic offences wing (EOW) of the Mumbai police that pressed charges of cheating and forging documents related to a 50 crore worth land situated in Khandala under Pune district's Maval tehsil.
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The Enforcement Directorate (ED) on Friday arrested Mumbai-based builder and film financier Yusuf M Lakdawala in a money laundering case linked to an alleged forging of document for the purchase of a prime land in Khandala. He was arrested under sections of the Prevention of Money Laundering Act (PMLA) and later produced by the central probe agency before a local court that sent him to ED custody till June 2, the agency said.