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Mumbai News: ED Searches 9 Premises Linked To NCP Leader, Sharad Pawar’s Close Aide In Connection With Money Laundering Case

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Mumbai: The Enforcement Directorate conducted searches on Thursday and Friday at nine locations, encompassing both official and residential premises of three Jalgaon-based jewellery firms. The promoters and directors of these firms were subjected to these searches in connection with three instances of bank fraud.

These cases involve Ishwarlal Jain, a former Rajya Sabha member and a close associate of Sharad Pawar. Ishwarlal Jain also held the position of the former treasurer of the party. The searches were carried out by the Enforcement Directorate across multiple locations, including Jalgaon, Mumbai, Thane, Aurangabad, Nagpur, and a few others.

ED searches were based on Money Laundering Investigation related to an alleged bank fraud case that caused a total loss of Rs.353 crore to the state Bank of India.

Details On The Case

The current ED search is rooted in an FIR registered by the CBI in 2022 against a jewellery firm associated with Ishwarlal Jain and others. This FIR was prompted by complaints lodged by the State Bank of India. The SBI alleged irregularities in the transactions involving three accused firms: Rajmal Lakhichand Jewellers Pvt Ltd, Manraj Jewellers Pvt Ltd and RL Gold Pvt Ltd. These irregularities are related to transactions with the SBI, spanning the period from 2002 to 2014.

Their promoters, directors and guarantors –Ishwarlal Shaankarala Jain Lalwani, Manish Ishwarlal Jain Lalwani, Pushadevi Ishwarlal Jain Lalwani and Neekita Manish Jain Lalwani who were named as accused in CBI complaint. According to SBI complain to CBI, Rajmal Lakhichand Jewellers caused a loss of Rs 206.73 crore to the bank, RL Gold Caused a Rs 68.19 crore loss and Manraj Jewellers a Rs 76.57 Crore loss.

ED sources reported the seizure of important documents and digital evidence during the search related to the bank fraud. In December 2022, the CBI registered the FIR and also conducted a raid on the jewellery firm at that time, recovering numerous pieces of paper relevant to the bank fraud.

Ishwarlal Jain: Senior Pawar’s Close Aide In NCP

Ishwarlal Jain Lalwani was a prominent leader of the NCP party and was known to have a close association with Sharad Pawar. According to the registered FIR, the three accused companies allegedly sold goods worth Rs. 10,187 crore to a partnership firm during 2010-11 to 2017-18 and bought goods worth Rs. 9,925 crore. despite request from forensic audits, the financials of the company Rajmal Lakhichand were not allegedly provided by the promoters. The bank had alleged that the accused had colluded and committed illegal activities, including forgery by manipulation and submission of fake financial statements and fabrication of factitious transactions.

The entire case pertains to the default of the loan. The bank alleged in the complaint that the mortgaged assets had been sold without seeking its permission which resulted in the loss of security against the loan granted and that the recovery of loans got seriously jeopardised.

The bank also alleged that the accused firms availed the credit facility from SBI but misappropriate their process by their process by diverting them for non-sectioned purpose.the loan accounts had turned into non Performing Assets.

Maharashtra

Hateful statements, obscenity in the name of entertainment will not be tolerated, strict action will be taken: Mayor Ritu Tawde

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Mumbai: The hospital administration has formed an inquiry committee in the case of hate speech made by Sejal Pawar, a medical student of KEM Hospital, in the live show of stand-up comedian Preneet More. Hate speech in the name of entertainment will not be tolerated. The hospital administration has been directed to take strict action in this matter, Mumbai Mayor Ritu Tawde has clarified.

Mumbai Mayor Ritu Tawde has reacted strongly to the entire incident and has appealed to artists and content creators to be aware of social responsibility. Two clips of stand-up comedian Preneet More’s show that are going viral on social media are causing great anger among the citizens. In the first clip, a man named Himanshu Jagda narrated an incident of degrading treatment of a woman, while in the second clip, Sejal Pawar, a medical student of KEM Hospital, made extremely hateful, obscene and offensive comments about the bodies of men who had donated their bodies for medical education. In both these cases, comedian Praneet laughed and clapped instead of objecting. Taking notice of the insensitivity in both these clips, the Maharashtra Cyber ​​Police took immediate action and registered a case. Clarifying the municipal corporation’s stand on the matter and fully supporting the legal action, Mumbai Mayor Ritu Tawde explained that the Maharashtra Cyber ​​Department has taken action. Apart from this, the KEM Hospital administration has also appointed a committee to investigate Sejal Pawar. The Mayor clarified that the hospital administration has been directed to take strict action in this matter. Mayor Tawde further said that freedom of expression is a very important part of democracy, but in the name of this freedom, content that insults women, obscenity, hate speech, hateful content or content that sends the wrong message to the society cannot be accepted under any circumstances. Everyone should respect boundaries while discussing sensitive issues related to women, consent and the medical sector in a public forum. Mumbai is a city of culture, art and freedom of thought. However, it is the collective responsibility of all to ensure that no one’s dignity is violated in the name of entertainment. Since social media has a great influence on the youth, the impact of such content on society should be seriously considered. Everyone should be sensitive to this. All artists, digital content creators and social media influencers should preserve their creative talents while maintaining a sense of social interest, sensitivity and morality. Citizens should also behave responsibly on social media and strongly oppose things that promote hatred, obscenity and anti-women mentality, Ritu Tawde has also appealed on this occasion.

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Maharashtra

MLA Abu Asim Azmi demands Interior Minister to allow Muharram sermons and gatherings until 9pm

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Mumbai: In view of the importance of the holy days of Muharram, the time of public religious speeches, sermons and gatherings held during this period should be extended from 10 am to 12 pm, MLA Abu Asim Azmi has sent a memorandum to the state Home Minister Devendra Fadnavis, making this strong demand.

MLA Azmi has said in his letter that public speeches, sermons and gatherings are organized in different areas at night during Muharram, in which a large number of devotees participate. Currently, Maghrib prayers are offered at around 7 pm, after which a lot of time is spent until the Isha prayers are completed. The police administration is currently allowing only up to 10 pm, due to which very little time is required for the actual program after the prayers. Due to this shortage of time, there is anxiety among Muslims and they are not able to fully benefit from these religious speeches.

In view of this situation, with full respect for law and order, this time should be extended till 12 midnight for the scheduled dates of Muharram. MLA Abu Asim Azmi has demanded that the Home Minister himself intervene in the matter and immediately issue positive orders to the police administration. Copies of this memorandum have also been sent to the Chief Minister and Mumbai Police Joint Commissioner (Law and Order) Devin Bharti for necessary action.

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Maharashtra

Mira Road C-Queen Palace Orchestra Bar raided, 12 women recovered, 9 arrested

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A team led by DCP Rahul Chavan of Mira Road Police Commissionerate, Circle 1, raided the Sea Queen Palace Orchestra Bar in front of Daraz Dhaba on Mumbai-Ahmedabad Highway under the limits of Kashigaon Police Station on Mira Road. During the raid, the police rescued 12 women. A cashier and 8 waiters were arrested, including the driver, owner and manager of the bar who are absconding. During the raid, Rs 50,000 in cash was seized. Along with this, illegal stocks of whiskey and beer were seized. Further investigation is underway in the case. It is said that an illegal dance and entertainment party was going on in the bar. During this, the police raided and arrested the accused and also released 12 dancers.

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