NAVI MUMBAI: The Enforcement Directorate (ED) on Tuesday had arrested former PWP MLA Vivekanand Patil (66) for money laundering under section 3 and 4 of the Prevention of Money Laundering Act, 2002. Patil is the main accused in the Rs 513 crore loan fraud hit Karnala Nagari Sahakari Bank Ltd. The ED will produce him in court on Wednesday.
The ED registered a money laundering case for investigations into the alleged fraud perpetrated at the Karnala Nagari Sahakari Bank. They arrested Patil after questioning him on Tuesday after he refused to cooperate in the investigation.
ED Assistant Director Sunil Kumar, in his arrest order, has stated that there is reason to believe that Vivekanand Patil, a resident of New Panvel, is guilty of money laundering. Patil has been arrested under the sub-section (1) of section 19 of the Prevention of Money Laundering Act, 2002.
ED sources stated that Patil is the key accused in the case and that he had used 65 forged…

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