Overview
- A special PMLA court in Mumbai accepted the Enforcement Directorate’s closure report and ordered the ECIR dated April 4, 2022 closed with case papers returned to the ED.
- The court based its decision on earlier Bombay High Court orders that quashed the Murgud police FIR and set aside RoC proceedings, removing the scheduled offences that underlie any PMLA case.
- The ED’s original probe alleged that the Sar Senapati Santaji Ghorpade Sugar Factory received over Rs 11.35 crore in suspicious investments in 2013–14 and that funds were routed to companies linked to Mushrif’s sons.
- As part of its investigation the ED carried out searches in early 2023 and provisionally attached fixed deposit receipts and cash amounting to about Rs 2.15 crore, an attachment later confirmed by the Adjudicating Authority.
- The legal outcome turns on procedure not a factual finding of innocence or guilt, leaving the ED to consider next steps and keeping questions open for the farmers who alleged they were promised shares and lost funds.