Charges against Anil Adinath Bastawade were framed on Monday at the special PMlA court alleging him of being involved in the money laundering of over Rs 4.93 cr. Bastawade is accused in the multi-crore money laundering case involving former Chief Minister Madhu Koda among others.
The Pune-based real estate businessman had been sent in judicial custody for 14 days by a special PMlA court on January 31 after he was brought back to India from Indonesia by the Indian agencies.
“Charges against Anil Bastawade were framed in the ED case ECIR/02/Pat/09. He has been charged of money laundering worth Rs 4, 93,16,240,” said ED advocate SR Das.
According to assessment done by the ED, Bastawade owns a flat worth Rs 1.8 crore at Sunrise apartments in Pune and a plot worth Rs 1.5 crore at Buma Mines in Jharkhand. He has also secured huge properties in India and abroad.
Bastawade was brought to the country from Indonesia by the Indian agencies after the fugitive businessman was detained there on January 21 following an Interpol notice issued against him for alleged money laundering charges.
He was detained by the Jakarta Police in Indonesia after a Red Corner Notice against him was issued on October 3, 2012 by CBI on the request of the ED which is probing charges of alleged money laundering against the 48-year-old businessman.
According to the reports, the Pune based real estate businessman, who somehow came in contact with Madhu Koda and Binod Sinha, used to transfer the illegal money gathered by Koda and Co to the countries like Dubai, Indonesia and liberia through ‘hawala’.
He is one among the seven accused arrested after Koda, Binod Sinha, Vikas Sinha, Manoj Punamia, Arvind Vyas and Vijay Joshi in connection with the money laundering and illegal investment case slapped against them.
Koda, who is presently lodged in the Bisra Munda Central jail was arrested on November 30, 2009 after the Income Tax department and the ED claimed to have unearthed Rs 2,500 crore money laundering and illegal investment scam following country-wide raids on 70 premises on October 31 the same year.