Pune: The Enforcement Directorate (ED) on Tuesday questioned builder DS Kulkarni inside the Yerwada Central Prison. He is accused of money laundering worth hundreds of crores.
After getting permission from a special court in Pune, the ED officials went to the jail and questioned him. Currently DSK, his wife Hemanti, son Shirish and others are lodged in jail in connection with cheating people. All of them will be interrogated by ED.
The Pune city police has filed a chargesheet against DSK for allegedly duping thousands of investors to the tune of Rs 2043 crores. Nine companies were floated by DSK and his accomplices to siphon off money collected from banks and 33,000 investors.
According to ED, Kulkarni, his wife Hemanti and other accused have derived proceeds of their crimes, from activities that involved collecting deposits from various investors across India by promising high returns. But, they then cheated these investors by not returning the promised money, including the principle amount and interest thereof. There are various offences registered against DSK in Pune, Mumbai and Kolhapur, committed under sections 420 (cheating) and 120B (criminal conspiracy) of the Indian Penal Code (IPC), as well as provisions of the Prevention of Money Laundering Act. During investigations, it was revealed that DSK, Hemanti, their son Shirish Kulkarni and CA Ghatpande had a direct nexus connected to the offenses; so, it was argued that it is necessary to record their statements under the PML Act.