Central Probe Agency Arrests Mumbai Builder In Money Laundering Case
NDTV
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.More Related News