The Enforcement Directorate (ED) on Friday attached properties worth ₹78 crore of Shiv Sena leader Arjun Khotkar in an alleged case of money laundering.
The issue pertains to illegal sale of cooperative sugar mills ( Sahakari Sakhar Karkhana) {SSK} in Maharashtra State Co-operative Bank (MSCB) case. The central agency has provisionally attached residual plant and machinery at the site of more than 200 acres of land of the Jalna Sahakari Sakhar Karkhana Limited in the name Arjun Sugar Industries Pvt. Ltd.
After directions from the Bombay High Court, a First Information Report (FIR) was registered by the Economic Offence Wing on August 26, 2019. It has been alleged in the said FIR that the cooperative SSKs were fraudulently sold by the then officials and directors of the MSCB at throw-away prices to their relatives/private persons without following the due procedure prescribed under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act.
