Shiv Sena leader Sanjay Raut sent to ED custody till August 4 in PMLA case
Senior advocate Ashok Mundargi, appearing for Raut, submitted that the allegations are vague and raised due to political vendetta.
A special court here on Monday remanded Shiv Sena leader Sanjay Raut to the custody of the Enforcement Directorate (ED) till August 4 in a money laundering case.
The ED produced Raut before the Prevention of Money Laundering Act (PMLA) court judge MG Deshpande and sought his remand for eight days.
The ED, represented by special public prosecutor Hiten Venegaonkar, told the court that Raut and his family were direct beneficiaries of the proceeds of crime.
Senior advocate Ashok Mundargi, appearing for Raut, submitted that the allegations are vague and raised due to political vendetta.
The ED arrested Raut on Sunday midnight in connection with alleged financial irregularities in the redevelopment of a 'chawl' in Mumbai and related financial property transactions involving his wife and alleged associates.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
05:12 PM IST