Pravin Raut, an entrepreneur, was arrested by the ED on Wednesday. He has been accused of being involved in the Patra Chawl land scam worth Rs 1,034 crore. He was arrested on charges of money laundering by a Special Prevention of Money Laundering Act (PMLA) court. He is accused of cheating the residents of Patra Chawl and Maharashtra Housing and Area Development Authority (MHADA) by selling pockets of land to private builders instead of developing them.
Guru Ashish Construction Pvt Ltd a subsidiary company of Housing Development Infrastructure Ltd (HDIL), is already accused of Rs 4,300 crore fraud at the Punjab and Maharashtra Cooperative (PMC) Bank. Reports mention that the Guru Ashish Construction Pvt Ltd was involved in the redevelopment of Patra Chawl at Goregaon that had 672 tenants in tenements on 47 acres of land belonging to Maharashtra Housing Area Development Authority (MHADA).
Parvin Raut illegally sold FSI to various builders for Rs 1,034 crore with the help of Rakesh Kumar Wadhawan and Sarang Wadhawan, Directors of Guru Ashish Constructions Pvt Ltd. This was done without constructing the rehab flats and flats to be handed over to MHADA, which was the pre-requisite.
A deal was made to construct 3000 flats – on a piece of land in Goregaon – out of which 672 were to be given to the Patra Chawl residents. In this entire deal, Pravin Raut received 95 crore rupees from Housing Development and Infrastructure Limited (HDIL), which the ED believes that this…
