Actor-businessman was arrested on Sunday in a ₹22-crore slum rehabilitation fraud case
A special Prevention of Money Laundering Act (PMLA) court remanded actor and businessman Sachin Joshi in Enforcement Directorate’s (ED) custody till February 18 in a ₹22-crore slum rehabilitation fraud case involving the Omkar Group.
Mr. Joshi was arrested on Sunday and as per the ED had helped promoters of the group to divert ₹87 crore. Apart from the cash flows of the Omkar Realtors & Developers Private Limited, it is observed that there are huge inter-company transactions with group companies including those from which funds have been transferred to Mr. Joshi and his companies, the agency said.