Actor Sachin Joshi who purchased Vijay Mallya s Goa villa arrested in Omkar Realty case
Sachin Joshi has acted in movies like Mumbai Mirror and Sunny Leone-starrer Jackpot. In 2017, Joshi purchased Vijay Mallya s Goa bungalow Kingfisher Villa for over Rs 73 crore
BusinessToday.In | February 15, 2021 | Updated 13:24 IST
Sachin Joshi is stated to be an actor and a promoter of the JMJ business group
The Enforcement Directorate has arrested businessman/actor Sachin Joshi in connection with a money laundering case against Mumbai-based realty group Omkar Realtors and Developers.
Joshi has acted in movies like Mumbai Mirror and Sunny Leone-starrer Jackpot. In 2017, Joshi purchased Vijay Mallya s Goa bungalow Kingfisher Villa for over Rs 73 crore.
Source:
PTI
Mumbai: Entrepreneur and actor Sachiin Joshi was arrested on Sunday (February 14), after questioning from the Enforcement Directorate (ED) under various sections of the Prevention of Money Laundering Act (PMLA).
Joshi is the promoter of the JMJ business group. He has been arrested by the Enforcement Directorate in connection with a money laundering case against city-based realty group Omkar Realtors and Developers. The company and its two other executives are also facing allegations of diverting over Rs 400 crore loan from Yes bank.
Joshi is expected to be produced before a local court here on Monday where the Enforcement Directorate (ED) will seek his remand for custodial interrogation.
Mumbai: ED arrests actor Sachiin Joshi in money laundering case
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Mumbai: The Enforcement Directorate (ED) on Sunday arrested actor and businessman Sachiin Joshi in connection with a money laundering case.
The arrest comes a day after the agency questioned him. The arrest was done in connection with the Omkar group probed under the provisions of Prevention of Money Laundering Act, 2002 (PMLA). Joshi from JMJ group had come to the limelight in 2017 when he had purchased businessman Vijay Mallyaâs Kingfisher Villa in Goa. Sources said that Joshi has been under scanner for allegedly laundering several crores of rupees. The agency has now launched a probe to trace the money trail. The Income Tax department has also conducted searches in this regard.
An Omkar Group representative said, “We are yet to receive any communication from ED. We are emphatic that Omkar Group is not in violation of any lending norms and slum approvals.”
MUMBAI: After a day of intense questioning, the Enforcement Directorate (ED) arrested Omkar Group chairman Kamal Kishor Gupta and managing director Babulal Varma on Wednesday in a Rs 410 crore money laundering case linked to a slum redevelopment project at Wadala. ED will produce them before the special court on Thursday.
The complainant in the case is Aurangabad-based businessman Mahendra Surana who had invested in the Wadala project. Surana had filed a cheating case against Omkar Group and its senior office bearers in March 2020, on the basis of which ED has registered a money laundering case.
Synopsis
The central probe agency produced the duo before the special PMLA court, presided over by judge A A Nandgoankar, and sought their remand for interrogation.
Agencies
Mumbai: A special court here on Thursday remanded the chairman and the managing director (MD) of city- based Omkar Realtors and Developers to the ED custody till January 30 in connection with a money laundering case linked to the alleged loan fraud in
The chairman of the company, Kamal Kishore Gupta, and MD Babulal Varma were arrested hereon Wednesday by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA).
The central probe agency produced the duo before the special PMLA court, presided over by judge A A Nandgoankar, and sought their remand for interrogation.