Court rejects discharge plea of Anil Deshmukh-linked firm in PMLA case ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 34
A special court here on Saturday refused to discharge Premier Port Links Pvt Ltd, a company allegedly controlled by former Maharashtra minister Anil Deshmukh's family, in a money laundering case while ruling that there was strong prima facie evidence against it. The Directorate of Enforcement (ED) has alleged that the company served as a vehicle for laundering proceeds of crime. The firm, managed by NCP (SP) leader Anil Deshmukh's son Salil Deshmukh, had sought discharge claiming that it had been implicated falsely. As per the prosecution, the company took illegal loans totaling Rs 2.20 crore from M/s Flourish Properties Pvt Ltd, a firm in which the Deshmukh family had allegedly infused funds via bogus share capital. About 50% of the company's shares were allotted to Salil Deshmukh for just Rs 17.5 lakh despite the company possessing assets including Rs 20 acres of land in Uran valued at approximately Rs 5.4 crore, the ED alleged. The federal probe agency submitted that these ...

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