A particular court in Mumbai granted bail to Shiv Sena leader and MP Sanjay Raut in a cash laundering case touching on the Patra Chawl redevelopment mission on Wednesday.

Particular Make a choice M G Deshpande, designated to hear circumstances touching on the Prevention of Cash Laundering Act (PMLA), had reserved the reveal last week after hearing arguments from all aspects.

The Enforcement Directorate (ED) arrested Rajya Sabha member Raut in July this year for his alleged honest in financial irregularities in connection with the redevelopment of the Patra Chawl (row tenement) in suburban Goregaon.

He’s for the time being in judicial custody and lodged on the Arthur Avenue Jail in Mumbai.

Raut had in his bail plea claimed the case in opposition to him used to be a top likely example of “abuse of vitality” and “political vendetta”.

The ED had adverse Raut’s plea, announcing he played a main honest in the cash laundering case connected to the Patra Chawl redevelopment and acted “on the support of the curtains” to e-book sure of the cash path.

The ED’s probe pertains to alleged financial irregularities in the redevelopment of the Patra Chawl and connected financial transactions appealing his accomplice and colleagues.

Siddharth Nagar, popularly acknowledged as the Patra Chawl, in Goregaon is spread over 47 acres and homes 672 tenant households.

In 2008, the Maharashtra Housing and Dwelling Constructing Authority (MHADA), a authorities company, assigned a redevelopment contract for the Chawl to Guru Ashish Constructing Deepest Exiguous (GACPL), a sister firm of the Housing Constructing and Infrastructure Ltd (HDIL).

The GACPL used to be supposed to construct 672 residences for the tenants and additionally give some residences to MHADA. It used to be free to promote the remaining land to private developers.

Nonetheless the tenants did no longer procure a single flat in the last 14 years as the firm did no longer redevelop the Patra Chawl and equipped land parcels and Flooring Build Index (FSI) to other builders for Rs 1,034 crore, as per the ED.

(With company inputs)

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