The raids were conducted in Pune, Mumbai and Kolhapur in Maharashtra under provisions of the PMLA and the probe pertaining to a land deal case, they said.

The Enforcement Directorate on Wednesday conducted searches on premises linked to Pune-based businessman Avinash Bhosale in connection with a money laundering case, official sources said.

The raids were conducted in Pune, Mumbai and Kolhapur in Maharashtra under provisions of the Prevention of Money Laundering Act (PMLA) and the probe pertaining to a land deal case, they said.

The central probe agency had questioned Bhosale, promoter of ABIL group that is into real estate and infrastructure development, in November last year in Mumbai as part of an investigation being conducted under the FEMA (Foreign Exchange Management Act).

Source: PTI

(The story has been published from a wire feed without modifications to the text. Only the heading has been changed)

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