'Dambulla Vikings' owner arrested in connection with money laundering
According to Indian media reports, the Enforcement Directorate of India has arrested businessman and actor Sachin Joshi in connection with a money laundering case against Mumbai-based realty group Omkar Realtors and Developers.
Joshi is incidentally the owner of the Lanka Premier League (LPL) franchise ‘Dambulla Vikings.’
He was arrested after the enforcement directorate found questionable monetary transactions between the JMJ group and Omkar Realty. He was produced in the special Prevention of Money Laundering Court (PMLA) in Mumbai on February 15.
The Enforcement Directorate arrested Omkar Group Chairman Kamal Gupta and Managing Director Babu Lal Verma under the Prevention of Money Laundering Act on 27 January.
The ED alleged that Omkar Realty took a loan of Rs 410 crore for slum rehabilitation projects, which was diverted.