The Enforcement Directorate said it has issued a preliminary injunction under the Money Laundering Prevention Act (PMLA) to build 11 residential flats in the Neelambari project.
The enforcement directorate said today it seized assets worth Rs 6.45 crore from a company owned by the brother-in-law of Maharashtra Chief Minister Uddhav Thackeray in connection with a money laundering investigation.
In a statement, the enforcement directorate said it has issued a preliminary injunction under the Money Laundering Prevention Act (PMLA) to construct 11 residential flats in the Neelambari project, located in Thane near Mumbai, of Shree Saibaba Grihanirmiti Private Limited.
Shridhar Madhav Patankar, brother of Thackeray’s wife Rashmi, “owns and controls” Shree Saibaba Grihanirmiti Private Limited, it said.
The agency alleged that funds allegedly transferred in a money laundering case being investigated against a company called Pushpak Bullion were “parked” in the real estate projects of Shree Saibaba Grihanirmiti Pvt. Ltd.
This post ED seizes assets of company owned by Maharashtra brother-in-law CM Uddhav Thackeray
was original published at “https://www.financialexpress.com/india-news/ed-attaches-assets-of-firm-owned-by-brother-in-law-of-maharashtra-cm-uddhav-thackeray/2468328/”