Maharashtra: ED raids NCP leader Hasan Mushrif's house in Kolhapur for 3rd time in two months

Maharashtra: ED raids NCP leader Hasan Mushrif's house in Kolhapur for 3rd time in two months

ED sleuths interrogated Mushrif relatives for over ten hours and recorded their statements.

Dharmesh ThakkarUpdated: Saturday, March 11, 2023, 09:11 PM IST
article-image
Maharashtra: ED raids NCP leader Hasan Mushrif's house in Kolhapur for 3rd time in two months | Photo: Hasan Mushrif/Instagram

Enforcement Directorate (ED) officials renewed actions on former MVA minister and NCP leader Hasan Mushrif with raids on his Kagal residence in Kolhapur. It is the third raid in last two months on the former MVA labour minister for alleged diversion of Rs 40 crores in the Sar Senapati Santaji Ghorpade Sugar factory in Kolhapur run and controlled by Mushrif's family members and relatives.

ED sleuths interrogated Mushrif relatives for over ten hours and recorded their statements. While Hasan Mushrif was reportedly not at his Kagal residence during the early morning raids, his wife Saira and two sons were questioned by the ED team along with few other relatives. 

Why has ED raided Mushrif's house?

Hasan Mushrif's family were raided earlier in first week of February by ED in alleged money laundering case following investigation into suspicious bank accounts created with Kolhapur District Central Bank which were allegedly used for diversion of funds and shareholders of the Ghorpade sugar factory. ED had also raided the headquarters of Kolhapur District Central Bank in January in which Mushrif was the chairman. Several bank officials were examined and documents were taken for verification and investigation.

According to ED officials, firms got share premiums which was stuck off by Registrar of Company but remained preference share holder of the sugar factory. Rajat Consumer Services (RCS) remained shareholder of the Sar Senapati Ghorpade Sugar factory, holding preference shares worth Rs 11.85 crs since 2013. RCS did not have any valid business but had received Rs 50 crores as shares premium, part of which had been invested into various firms including the  sugar factory. 

Another firm named Mount Capital, in a similar manner, was a preference share holder in the Sar Senapati Ghorpade Sugar factory, holding shares worth around Rs 2.9 crore. A similar pattern was observed for Mount Capital receiving  Rs 25 crores as share premium, which was then diverted to various other firms, including the sugar factory.

ED suspects that money was laundered into shell companies and inactive firms as share premium and again diverted to other entities to make it legitimate. 

Meanwhile a Mushrif supporter, angered by the ongoing ED operation at the Kagal residence of NCP leader was injured when he hit his head on the ground in front of CRPF personnel. The NCP activist identified as 33-year-old Sagar Dawane and resident of Dawane Colony Kagal) banged his head on the ground while protesting the ED raids during sit-in staged outside Mushrif residence. He was admitted to a rural hospital for treatment and discharged after treatment to head injuries. 

Who is Hasan Mushrif?

Hasan Mushrif is the sitting MLA of NCP. He leads the Kagal assembly constituency in Kolhapur district. Mushrif is well known in western Maharashtra as the prominent Muslim face of NCP. He dominates the politics of Kolhapur district.

Hasan Mushrif was appointed as a minister during the coalition government. He held the post of Labor Minister. He also won the 2014 assembly elections in the Modi wave. He was also offered to join the party by BJP, but he rejected the offer.

RECENT STORIES

Mumbai: NCDRC Orders LIC To Settle ₹19.75 Lakh Claim With Interest For Mulund Resident

Mumbai: NCDRC Orders LIC To Settle ₹19.75 Lakh Claim With Interest For Mulund Resident

Mumbai: Central Railway's Ghat Section Sees Heightened Monsoon Safety

Mumbai: Central Railway's Ghat Section Sees Heightened Monsoon Safety

Sheena Bora Murder Case: Bones & Remains Found By Pen Police In 2012 'Not Traceable', Prosecution...

Sheena Bora Murder Case: Bones & Remains Found By Pen Police In 2012 'Not Traceable', Prosecution...

Mumbai: DCM Ajit Pawar Urges Speedy Completion Of Development Projects Across Maharashtra

Mumbai: DCM Ajit Pawar Urges Speedy Completion Of Development Projects Across Maharashtra

Corporates Shine Bright For Diversity Equity And Inclusion At Bombay Chamer of Commerce DEI Award

Corporates Shine Bright For Diversity Equity And Inclusion At Bombay Chamer of Commerce DEI Award