ED arrests Mumbai builder, financier Yusuf Lakdawala in money laundering case

The ED on Friday arrested Mumbai-based builder and film financier Yusuf M Lakdawala in a money laundering case.

The Enforcement Directorate (ED) on Friday arrested Mumbai-based builder and film financier Yusuf M Lakdawala in a money laundering case linked to an alleged forging of document for the purchase of a prime land in Khandala. He was arrested under sections of the Prevention of Money Laundering Act (PMLA) and later produced by the central probe agency before a local court that sent him to ED custody till June 2, the agency said. The ED case against the 76-year-old Lakdawala and others was based on a 2019 FIR filed by the economic offences wing (EOW) of the Mumbai police that pressed charges of cheating and forging documents related to a 50 crore worth land situated in Khandala under Pune district's Maval tehsil.