The Enforcement Directorate (ED) on Sunday arrested Bollywood actor, producer and businessman Sachin Joshi in connection with an alleged money laundering case involving Omkar Realty group.
He was taken into custody after ED found questionable financial transactions between JMJ group and Omkar Realty. The actor was grilled for over 18 hours before being placed under arrest on Sunday. He will be produced in the special Prevention of Money Laundering Court (PMLA) in Mumbai on February 15.
Joshi had bought Vijay Mallya’s Kingfisher Villa in Goa and also owns Playboy Franchise, which runs a chain of restaurants and clubs across various cities.
Last month, the ED arrested Chairman Kamal Gupta and MD Babulal Verma of Omkar Group for committing fraud worth Rs 22,000 crore under the Slum Rehabilitation Authority (SRA) schemes. The company also allegedly diverted around Rs 450 crore taken as loan from Yes Bank.