Mumbai: A court here on Monday remanded actor and businessman Sachiin Joshi into Enforcement Directorate (ED) custody till Feb 18 for his alleged involvement in a money laundering case.
He was arrested on Sunday in connection with ongoing probe into Omkar Group under the provisions of Prevention of Money Laundering Act (PMLA).Joshi of JMJ Group came to limelight in 2017 when he had purchased liquor baron Vijay Mallya’s Kingfisher Villa in Goa.
The agency has now launched a probe to trace the money trail. The Income-Tax department has also conducted searches in this regard.It may be recalled that ED arrested Babulal Varma and Kamal Kishore Gupta, promoters of Omkar Group, under the provisions of PMLA.
The anti-money laundering agency has initiated investigation on the basis of First Information Report registered by Aurangabad police, Maharashtra under sections 34, 406 and 420 of Indian Penal Code against promoters of Omkar Group.(UNI)