Mumbai, July 18: The ED filed a charge sheet against self-proclaimed ‘godman’ Ashokkumar Eknath Kharat @Captain @ Bondhu Baba, his wife and four others for money-laundering linked to an extortion racket run under the guise of spiritual practices, an official statement said on Saturday.

The Directorate of Enforcement (ED), Mumbai Zonal Office, filed the charge sheet against Kharat, his wife Kalpana Kharat and other accused before the Special Court (PMLA), Mumbai.

Assets worth Rs 36.90 crore have been attached, seized or frozen in the case till date in the case, the statement said.

Earlier, the ED had also arrested Kharat on May 19 under Section 19 of the PMLA for the offence of money-laundering, and he continues to be in judicial custody.

On July 15, the ED provisionally attached immovable properties worth Rs 19.20 crore under Section 5 of the PMLA, 2002, held in the names of the accused and his family members, it said.

This was in addition to assets worth Rs 17.70 crore seized/frozen during searches conducted under Section 17 of the PMLA at multiple premises, bank lockers and vehicles linked to the accused and his associates during April and May 2026, said the ED.

The ED had initiated an investigation against Kharat based on multiple FIRs registered by Sarkar Wada, Shirdi, Sinnar and Rahata Police Stations.

Investigation revealed that Kharat exploited the religious faith of devotees and dishonestly induced them to part with money and properties under the pretext of performing “Avatar Poojas”, curing illnesses, averting misfortune and ensuring business prosperity, thereby generating Proceeds of Crime through extortion, cheating and criminal intimidation, the ED said.

Investigation also revealed that Kharat falsely projected himself as possessing divine powers and as an incarnation of Lord Shiva to deceive devotees, the ED said.

He laundered the Proceeds of Crime through two cooperative credit societies by fraudulently operating over multiple accounts in connivance with an employee and through multiple benami accounts for large cash deposits and subsequent withdrawals, including maturity proceeds, the ED said.

The laundered funds were retained with trusted associates or invested in immovable properties across Nashik, Ahmednagar, Solapur, Pune and Mumbai in the names of his family members, the ED said.

Nashik, July 18: A 20-year-old woman was stabbed to death by a 26-year-old man, who was later found hanging from a tree in the same locality, in what police suspect to be a case of murder-suicide in Maharashtra’s Nashik, officials said on Saturday.

According to the police, the accused, identified as Sahil Ashok Lavare, attacked and killed the victim, Vaishnavi Avare, near a temple in the Indiranagar area late on Friday night before allegedly dying by suicide at a jogging track in the locality during the early hours of Saturday.

Officials said the accused allegedly stabbed the woman multiple times and also slit her throat with a knife. Residents rushed to the spot after hearing the victim’s screams, but by the time they reached the scene, the accused had managed to flee.

Police said the woman succumbed to her injuries at the spot before she could receive medical assistance.

A few hours later, at around 3 A.M., the accused was found hanging from a tree at the jogging track in the Indiranagar area. Police suspect that he died by suicide after allegedly committing the murder.

According to officials, the victim was a student and had been living as a paying guest in the locality.

Preliminary investigation indicates that the victim and the accused had met on Friday evening before the incident took place. Investigators initially suspected that the attack may have been triggered by a one-sided love affair.

However, further investigation has revealed that Sahil Lavare and Vaishnavi Avare had allegedly been in a live-in relationship for nearly two years. According to the preliminary findings, the accused allegedly attacked the woman after she refused to marry him.

Police suspect that after allegedly murdering Vaishnavi, Sahil went to the Indiranagar jogging track complex, where he allegedly died by suicide by hanging himself from a tree.

Officials have registered a case of murder and launched a detailed investigation to ascertain the exact sequence of events and establish the precise motive behind the crime.

Police said further investigation into the incident is underway.

Mumbai, July 17: The Reserve Bank of India (RBI) has imposed monetary penalties on Muthoot Finance Limited as well as Muthoot Vehicle and Asset Finance Limited for non-compliance with the central bank’s Know Your Customer (KYC) directions.

The RBI has imposed a penalty of Rs 5.80 lakh on Muthoot Finance Limited and Rs 2.70 lakh on Muthoot Vehicle and Asset Finance Limited for the breach of its regulations, according to a statement issued on Friday.

The RBI said that it carried out statutory inspection of Muthoot Finance Limited with reference to its financial position as on March 31, 2025.

Based on the supervisory findings of noncompliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions.

After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI concluded that the company failed to put in place a system of periodic review of risk categorisation of accounts; and it also failed to put in place a robust software for effective identification and reporting of suspicious transactions.

In the case of Muthoot Vehicle and Asset Finance Limited also, the RBI conducted a statutory inspection of the company.

Based on the supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for failure to comply with the said directions.

After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the company failed to put in place a system of periodic review of risk categorisation of accounts, with such periodicity being at least once in six months.

According to the RBI, the action in both cases is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the companies with their customers.

The imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the companies, the RBI said.