ED: The problem of Avinash Bhosale, a well-known businessman from Pune, is increasing day by day. Following the arrest by the Central Bureau of Investigation (CBI), Pune-based businessman Avinash Bhosale has also been issued a notice by the Enforcement Directorate (ED) to vacate the property in Pune, which was seized by the agency last year in a money laundering case.
CBI custody till June 8 in Delhi for further investigation
In addition to the money laundering case, Bhosale was also investigated by the ED for violating the Foreign Exchange Management Act (FEMA). Avinash Bhosle, who was arrested in the Yes Bank DHFL case, was taken to Delhi by the CBI for further investigation after a special CBI court on Tuesday granted him custody. The court on Tuesday remanded him in CBI custody till June 8.
Notice to vacate the property
ED officials had seized land worth Rs 4 crore from ARA, the corporate office of Avinash Bhosale Infrastructure Limited (ABIL). Bhosale is the promoter of ABIL. His property was confiscated at this time. Her arrest has now been approved by the adjudicating authorities. The ED has since issued a notice to Bhosale to vacate the property so that the investigating agency can seize it.
Shares of various companies, properties, including five star hotels in Pune
Property worth Rs 40 crore belonging to Pune-based builder Avinash Bhosale was seized. The ED had been investigating Avinash Bhosale for the past few months and had also registered a case against him in a money laundering case. The confiscated assets of Avinash Bhosale include shares of various companies, properties and five-star hotels in Pune. An amount of Rs 1.15 crore in the bank accounts of Avinash Bhosale and his family has also been seized. This includes Hotel Westin- Pune Hotel Le Meridien-Nagpur, Hotel W Retreat & Spa-Goa.
Avinash Bhosale from Sangamner city in Pune in search of employment
When Avinash Bhosale came to Pune from Sangamner town in Ahmednagar district in search of employment, he had no choice but to drive a rickshaw. Avinash Bhosale started his rickshaw business in a rented house in Rasta Peth area of Pune. Later, they started renting rickshaws. Later, Avinash Bhosale got acquainted with people in the construction sector and those working in the state’s public works department through contractors, and Avinash Bhosale started taking small and big contracts for road construction. Later, he got a bigger job through his father-in-law.