MUMBAI/NEW DELHI: A Mumbai Court on Tuesday sent ABIL group chairman Avinash Bhosale to Enforcement Directorate (ED) custody till July 5 in connection with an alleged money laundering case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of the DHFL.
The court also ordered that the questioning of Bhosale, the father-in-law of the Maharashtra minister and Congress leader Vishwjit Kadam, be conducted under CCTV surveillance.
Bhosale was earlier arrested by the Central Bureau of Investigation (CBI) on May 26 this year. After his arrest, the CBI had brought Bhosale to Delhi for further interrogation and he was in its custody till June 8.
On Monday, ED counsel produced a production warrant obtained from the special PMLA (Prevention of Money Laundering Act, 2002) court and urged the special CBI judge S U Wadgaonkar to let the financial probe agency take custody of Bhosale in connection with the money laundering probe.
Bhosale’s lawyer, Vijay Aggarwal said that the court while remanding Bhosale to ED’s custody till July 5 ordered that his interrogation be conducted under CCTV surveillance.
Aggarwal also said that the court allowed that advocate to be present during the interrogation at a visible but not audible distance, Bhosale to meet his lawyer for one hour every day to seek legal advice, allowed to meet a family member for half an hour every day, allowed to have home-cooked food, medicines and spectacles and bedding shall be provided by the ED as he is suffering from an acute back problem.
ED counsel had sought 14 days of police custody of Bhosale and argued that Rs 267 crores i.e. a part of the money disbursed to DHFL by Yes Bank was sent to Bhosale’s companies by Radius Developers, whose owner Sanjay Chhabria after receiving loans amounting to Rs 2000 crore from DHFL. Chhabria was also recently arrested in the case.
He also argued that DHFL directly diverted Rs 66 crore to Bhosale’s beneficially owned entities in the garb of fees or consultancy charges, which were never provided by those entities.