Particle.news
Download on the App Store
7 ARTICLES
·
3w ago

ED Raids 18 Locations, Seizes Over Rs1.25 Crore in Mithi River Desilting Probe

Evidence of inflated tenders coupled with shell-company transfers in the Rs65 crore river project has driven investigators to summon central figures for questioning next week.

Image
Image

Overview

  • The Enforcement Directorate carried out searches at 18 sites across Mumbai, Kochi and Thrissur on June 6 under the Prevention of Money Laundering Act.
  • Investigators seized Rs7 lakh in cash and froze 22 bank accounts, fixed deposits and a demat account, valuing total assets at over Rs1.25 crore.
  • Preliminary findings indicate a cartel involving BMC engineer Prashant Ramgude, contractors Bhupendra Purohit, Jay Joshi and middleman Ketan Kadam inflated desilting tenders.
  • Actor Dino Morea and his brother Santino Morea are among at least eight individuals summoned to record statements over alleged money-laundering links.
  • Probes are under way into investments in UBO Ridez Pvt. Ltd. and other shell firms to trace proceeds diverted from the alleged Rs65 crore scam.