New Delhi: The Enforcement Directorate (ED) has been granted custody of accused actor Sachin Joshi under Prevention of Money Laundering Act (PMLA) for further questioning on Rs.410 Crore bank fraud case. The actor was arrested on 14th February, 2021.
ED initiated investigation on the basis of FIR registered by City Chowk police station, Aurangabad, Maharashtra against promoters of M/s Omkar Group in March 2020. They were charged with alleged cheating and diversion of bank funds.
During the investigation, searches were conducted at residential and office premises of key persons. Subsequently, ED arrested Babulal Varma and Kamal Kishore Gupta, promoters of M/s Omkar Group, on January 27, 2021, under PMLA.
During the further investigation, Sachin Joshi and his companies were found to have diverted bank funds through non-genuine transactions. It was found that nearly Rs. 87 Crores were diverted through such transactions.
Accordingly, Sachin Joshi was summoned and questioned. Based on the investigation, Sachin Joshi was arrested on February 14 under PMLA.
He was produced before Special PMLA Court on Monday and Court granted ED custody till February 18. Further investigation is in progress.