The Directorate of Enforcement (ED), Mumbai attached assets valued at ₹50.20 crore belonging to M/s Kannad Sahakari Sakhar Karkhana Limited (Kannad SSK), owned by M/s Baramati Agro Ltd.
Nationalist Congress Party (Sharadchandra Pawar) MLA Rohit Pawar, the grandnephew of the patriarch, is the CEO of Baramato Agro Ltd.
This move is in accordance with the provisions of the Prevention of Money Laundering Act (PMLA), 2002, and is related to a case involving the illegal sale of sugar mills by the Maharashtra State Co-operative Bank (MSCB), ED officials said on Friday. The attached assets include 161.30 acres of land, plant, and machinery, and a building of the sugar unit located at Kannad in Chhatrapati Sambhajinagar district (previously Aurangabad).