The Enforcement Directorate (ED) on Monday said it has attached a plot of land worth `4 crore of ARA Properties in Pune as part of a money laundering probe against city-based builder Avinash Bhosale.
“Attached property is the land, where Corporate Office(s) of ABIL (Avinash Bhosale Infrastructure Ltd) and its other group companies are situated. Avinash Bhosale is the promoter of the ABIL group companies,” the agency said in a statement.
The ED had initiated a money laundering investigation on the basis of an FIR registered by Pune police.
The FIR alleged that the land situated at Plot No 2, Yashwant Ghadge Nagar Cooperative Housing Society, Range Hill Corner, Ganeshkhind Road, Pune, MH 411007 was transferred by Ranjit Mohite to ARA Properties in violation of Original Allotment Conditions existing at that point of time, whereby the land could have been transferred only to the Government/Commissioned Officers, being a primary condition at the time of allotment of this land by government in 1951, it said.
During the money laundering investigation, search and seizure operations were carried out at various places and incriminating documents were seized. The documents found during the search corroborated the allegations made in the FIR, it further said.
The agency has issued a provisional order for attaching the land under provisions of the Prevention of Money Laundering Act (PMLA).
Bhosale has been questioned earlier by the ED in this case.
In June, the ED had seized assets worth over Rs 40 crore, including equity and preference shares in three luxury hotels, of Bhosale and his family members in connection with a separate probe under Foreign Exchange Management Act (FEMA) linked to alleged violation of the foreign exchange law.