Central Probe Agency Arrests Mumbai Builder In Money Laundering Case

The arrested was made under the Prevention of Money Laundering Act and the builder was produced before a local court that sent him to the probe agency's custody till June 2.

The Enforcement Directorate (ED) on Friday arrested Mumbai-based builder and film financier Yusuf M Lakdawala in a money laundering case linked to an alleged forging of document for the purchase of a prime land in Maharashtra's Khandala. He was arrested under sections of the Prevention of Money Laundering Act (PMLA) and later produced before a local court that sent him to ED's custody till June 2, the agency said. The agency's case against the 76-year-old Yusuf Lakdawala and others was based on a 2019 FIR filed by the economic offences wing (EOW) of the Mumbai Police that pressed charges of cheating and forging documents related to a land worth Rs 50 crore situated in Khandala. The almost 4.4 acre land is stated to belong to the family of erstwhile nawab of Hyderabad, Himayat Nawaz Jung Bahadur.