Mumbai: The Enforcement Directorate (ED), Mumbai provisionally attached immovable properties worth Rs 73.62 crore belonging to Pravin Raut, brother of Shiv Sena (UBT) leader Sanjay Raut, in connection with the Patra Chawl Redevelopment case under provisions of the Prevention of Money Laundering Act (PMLA).
This case is related to alleged irregularities in redevelopment of the Patra Chawl project in Goregaon, Mumbai, carried out by M/s Guru Ashish Construction Pvt Ltd (GACPL).
The attached properties consist of several land parcels of accused Pravin Raut and his close associates in and around Palghar, Dapoli, Raigad and Thane.
ED initiated investigation on the basis of FIR (first information report) registered by the Economic Offences Wing (EOW), Mumbai under various sections of Indian Penal Code against M/s GACPL, Rakesh Kumar Wadhwan, Sarang Kumar Wadhwan and others, based on a complaint filed by the executive engineer, MHADA, Mumbai and chargesheet dated December 11, 2020.
ED investigation revealed that M/s GACPL, entrusted with redevelopment of the Patra Chawl project for the rehabilitation of 672 tenants, has been involved in significant financial misconduct.
A tripartite agreement was signed between the society, MHADA and GACPL wherein the developer (GACPL) was supposed to provide flats to 672 tenants, develop flats for MHADA, and thereafter sell the remaining land area.
However, the directors of M/s GACPL misled MHADA and managed to sell the floor space index (FSI) fraudulently to nine developers, collecting an amount of Rs 901.79 Crore (approximately) without constructing the rehabilitation portion for the 672 displaced tenants and flats for the MHADA (Maharashtra Housing and Area Development Authority).