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Lawyer; court adjourns bail hearing until October 10 – The New Indian Express

By PTI

MUMBAI: There was no evidence on file to link Shiv Sena Rajya Sabha MP Sanjay Raut to alleged irregularities in the redevelopment of Patra Chawl in suburban Mumbai, his lawyer told a special court on Tuesday.

The Prevention of Money Laundering Act (PMLA) special court heard arguments from Sanjay Raut’s lawyer, Ashok Mundargi, and adjourned the hearing on the politician’s bail plea until October 10 after the Directorate of Law Enforcement (ED) ED has requested time to make its submission.

The Rajya Sabha member was arrested in August in connection with a money laundering case linked to the redevelopment of Patra Chawl (a chawl is a row of old tenements).

Earlier this month, the Sena chief applied for bail with the PMLA Special Court.

The ED investigation relates to alleged financial irregularities in Patra Chawl’s redevelopment and related financial real estate transactions involving his wife and alleged associates.

Siddharth Nagar popularly known as Patra Chawl is an area located in Goregaon, a northern suburb of Mumbai. It housed nearly 672 houses spread over 47 acres of land.

In 2008, the Maharashtra Housing and Development Authority (MHADA) awarded the chawl redevelopment project to Guru Ashish Construction Pvt Ltd (GACPL), a sister company of HDIL (Housing Development and Infrastructure Ltd).

GACPL was supposed to build 672 apartments there for people and develop apartments for MHADA and sell the remaining land to private developers for GACPL’s own development work.

The company neither redeveloped Patra Chawl nor built apartments that were to be handed over to MHADA and instead sold plots of land and the Floor Space Index (FSI) to other builders for Rs 1034 crore, according to the indictment.

FSI is the maximum allowable floor area a builder can build on a particular parcel/land.

The company launched its own project called ‘Meadows’ and took a booking amount of Rs 138 crore from apartment buyers.

The ED claimed that Pravin Raut, a close associate of Sanjay Raut, and other directors of Guru Ashish Constructions misled MHADA, Maharashtra government and sold the FSI to other developers and never completed the project entrusted to them.

Pravin Raut, also accused in the case, was one of the directors of the company along with promoters HDIL Sarang and Rakesh Wadhawan.

Making submissions in court on Tuesday, Raut’s lawyer said there was nothing in the file to even remotely suggest that Sanjay Raut was instrumental in presenting or granting favors to Pravin Raut. or to GACL or the Patral Chawl Redevelopment Project at any time. .

Mundargi argued that for all funds (alleged proceeds of crime) shown by the ED, he must link the amount received to the favors rendered.

“Where there is common ground of friendly relations, the mere giving of money would not amount to a sharing of the proceeds of crime, as the main component of knowledge is absolutely absent from these transactions”, Mundargi said.

The lawyer argued that the veracity of the statements of the witnesses who changed their position must be verified in order to decide on the release on bail.

Witnesses said earlier (in statements to police) that no money was paid in addition to check transactions, but suddenly after 6-7 months they changed their position (in statements to ED ) and said the cash amount was paid in addition. the checks he submitted.

“These reversals must be viewed with a grain of salt. The veracity will have to be checked for the limited purpose of bail. When it comes to a statement that has changed within six months. I would ask the court not to proud. ,” he said.

The lawyer argued that the claim that alleged Sanjay Raut frontman Pravin Raut received more money than the politician “defies logic”.

“Previously, Rs 1.06 crore was listed as the amount given to Sanjay Raut by Pravin Raut. This is less than 0.1% of the total Proceeds of Crime (POC). Sanjay Raut (Pravin Raut)! It defies all logic,” Mundargi said.

He added that the ED later increased the amount.

The lawyer said the fact remains that Sanjay Raut had no stake in Patra Chawl and was unrelated to his redevelopment.

“There was no connection between the transactions and the predicate offense (money laundering) and Sanjay Raut is therefore entitled to bail,” he said.

The court adjourned the case to October 10 after the ED requested time to make submissions on the bail plea.

MUMBAI: There was no evidence on file to link Shiv Sena Rajya Sabha MP Sanjay Raut to alleged irregularities in the redevelopment of Patra Chawl in suburban Mumbai, his lawyer told a special court on Tuesday. The Prevention of Money Laundering Act (PMLA) special court heard arguments from Sanjay Raut’s lawyer, Ashok Mundargi, and adjourned the hearing on the politician’s bail plea until October 10 after the Directorate of Law Enforcement (ED) ED has requested time to make its submission. The Rajya Sabha member was arrested in August in connection with a money laundering case linked to the redevelopment of Patra Chawl (a chawl is a row of old tenements). Earlier this month, the Sena chief applied for bail with the PMLA Special Court. The ED investigation relates to alleged financial irregularities in Patra Chawl’s redevelopment and related financial real estate transactions involving his wife and alleged associates. Siddharth Nagar popularly known as Patra Chawl is an area located in Goregaon, a northern suburb of Mumbai. It housed nearly 672 houses spread over 47 acres of land. In 2008, the Maharashtra Housing and Development Authority (MHADA) awarded the chawl redevelopment project to Guru Ashish Construction Pvt Ltd (GACPL), a sister company of HDIL (Housing Development and Infrastructure Ltd). GACPL was supposed to build 672 apartments there for people and develop apartments for MHADA and sell the remaining land to private developers for GACPL’s own development work. The company neither redeveloped Patra Chawl nor built apartments that were to be handed over to MHADA and instead sold plots of land and the Floor Space Index (FSI) to other builders for Rs 1034 crore, according to the indictment. FSI is the maximum allowable floor area a builder can build on a particular parcel/land. The company launched its own project called ‘Meadows’ and took a booking amount of Rs 138 crore from apartment buyers. The ED claimed that Pravin Raut, a close associate of Sanjay Raut, and other directors of Guru Ashish Constructions misled MHADA, Maharashtra government and sold the FSI to other developers and never completed the project entrusted to them. Pravin Raut, also accused in the case, was one of the directors of the company along with promoters HDIL Sarang and Rakesh Wadhawan. Making submissions in court on Tuesday, Raut’s lawyer said there was nothing in the file to even remotely suggest that Sanjay Raut was instrumental in presenting or granting favors to Pravin Raut. or to GACL or the Patral Chawl Redevelopment Project at any time. . Mundargi argued that for all funds (alleged proceeds of crime) shown by the ED, he must link the amount received to the favors rendered. “Where there is common ground of friendly relations, the mere giving of money would not amount to a sharing of the proceeds of crime, as the main component of knowledge is absolutely absent from these transactions”, Mundargi said. The lawyer argued that the veracity of the statements of the witnesses who changed their position must be verified in order to decide on the release on bail. Witnesses said earlier (in statements to police) that no money was paid in addition to check transactions, but suddenly after 6-7 months they changed their position (in statements to ED ) and said the cash amount was paid in addition. the checks he submitted. “These reversals must be viewed with a grain of salt. The veracity will have to be checked for the limited purpose of bail. When it comes to a statement that has changed within six months. I would ask the court not to proud. ,” he said. The lawyer argued that the claim that alleged Sanjay Raut frontman Pravin Raut received more money than the politician “defies logic”. “Previously, Rs 1.06 crore was listed as the amount given to Sanjay Raut by Pravin Raut. This is less than 0.1% of the total Proceeds of Crime (POC). Sanjay Raut (Pravin Raut)! It defies all logic,” Mundargi said. He added that the ED later increased the amount. The lawyer said the fact remains that Sanjay Raut had no stake in Patra Chawl and was unrelated to his redevelopment. “There was no connection between the transactions and the predicate offense (money laundering) and Sanjay Raut is therefore entitled to bail,” he said. The court adjourned the case to October 10 after the ED requested time to make submissions on the bail plea.