ABIL group chairman Avinash Bhosale in connivance with another realtor and co-accused Sanjay Chhabria illegally obtained Rs 431 crore in one of his beneficially owned entities, the Enforcement Directorate told a special court here on Tuesday while seeking further custody of Bhosale in a money laundering case, , money laundering, enforcement directorate
The Central probe agency also told the court DHFL had illegally diverted funds to the tune of Rs 37.50 crore to Bhosale and his entities. Special PMLA judge M G Deshpande extended the remand of Pune-based Bhosale till July11.
The Pune-based businessman, Avinash Bhosale had earlier been arrested by the CBI in connection with an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of the DHFL.
Yes Bank-DHFL case: CBI arrests Pune businessman Avinash Bhosle, to be produced in court today - CBI suspects illegal money was routed through several real estate companies based in Maharashtra. Radius Group s Sanjay Chabria was arrested in April.