Kolhapur sugar factory case: ED case against Mushrif closed
MUMBAI, Nov. 6 -- A special Prevention of Money Laundering Act (PMLA) court has closed the Enforcement Directorate's (ED) money-laundering case against Maharashtra minister Hasan Mushrif, his three sons and others linked to a Kolhapur sugar factory, after the Bombay high court quashed the proceedings in the underlying cases. Additional sessions Judge S V Sahare accepted the ED's closure report, holding that the money-laundering offence could not survive after the predicate proceedings were quashed.
The case concerned alleged irregularities in the share capital of Sar Senapati Santaji Ghorpade Sugar Factory Ltd, in which Mushrif's three sons are directors. The ED alleged that during 2013-14, the factory received crores of rupees from shell companies, besides discovering investments exceeding Rs.11.35 crore in the factory's financial statements without corresponding bank transactions. It also alleged that substantial funds were routed through layered and circular transactions involving the factory, associated limited liability partnerships and the accounts of its directors.
The ED registered its ECIR on April 4, 2022....
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