MUMBAI: The Enforcement Directorate (ED) has summoned NCP state president Jayant Patil in a money laundering case it had registered in 2019 pertaining to the Infrastructure Leasing & Financial Services (IL&FS) Ltd group companies. The ED asked Patil to appear before it for questioning on Friday but Patil sought an exemption since the marriage season was on and he had to attend multiple weddings in his assembly constituency. It is the first summons issued to Patil and the ED is likely to give him another date to record his statement.
It is alleged that Patil through his aides received money from a sub-contractor who had executed road infrastructure work on behalf of the IL&FS group. Patil was holding public office when the alleged transaction took place.
The ED had searched the premises of Patil’s aides along with the contractor and had recorded their statement. Now, the ED wants to ascertain the money transaction details from Patil. It is alleged that the contractor paid money to Patil’s aides through banking channels and in cash.
The ED is also investigating if the infrastructure work for which the money was paid was executed and to what extent. The ED is examining if the money was paid to the sub-contractor according to the work.
In 2019, the ED recorded MNS chief Raj Thackeray’s statement in the IL&FS case and Patil is the second senior politician facing investigation. On Wednesday, the ED searched five premises in the city, including offices of auditor firms Deloitte Haskins & Sells LLP and BSR & Associates.
The IL&FS group is a core investment company that has diversified business interests which it manages through various subsidiaries. It is alleged its lending-spending increased significantly from 2012, which continued till 2017 and it started defaulting on payment to its creditors invested in the non-convertible debentures of the company.
It is alleged that Patil through his aides received money from a sub-contractor who had executed road infrastructure work on behalf of the IL&FS group. Patil was holding public office when the alleged transaction took place.
The ED had searched the premises of Patil’s aides along with the contractor and had recorded their statement. Now, the ED wants to ascertain the money transaction details from Patil. It is alleged that the contractor paid money to Patil’s aides through banking channels and in cash.
The ED is also investigating if the infrastructure work for which the money was paid was executed and to what extent. The ED is examining if the money was paid to the sub-contractor according to the work.
In 2019, the ED recorded MNS chief Raj Thackeray’s statement in the IL&FS case and Patil is the second senior politician facing investigation. On Wednesday, the ED searched five premises in the city, including offices of auditor firms Deloitte Haskins & Sells LLP and BSR & Associates.
The IL&FS group is a core investment company that has diversified business interests which it manages through various subsidiaries. It is alleged its lending-spending increased significantly from 2012, which continued till 2017 and it started defaulting on payment to its creditors invested in the non-convertible debentures of the company.