Bhujbal was sent to 14-day judicial custody by a Special Court of the Prevention of Money Laundering Act in Mumbai on March 17 after he was arrested by the Enforcement Directorate which is probing money laundering and other cases against him.
"Ashoka Buildcon Ltd clarifies that it has not contributed or financed any of the constructions of Bhujbal family including their Bungalow at Nasik," the company said in a filing to the BSE.
Claiming the company has always followed ethical practices, it said that certain allegations had been made in media at Nasik yesterday wherein Ashoka Buildcon had been mentioned in respect of certain allegations made against Chaggan Bhujbal and his family.
"Ashoka Buildcon generally does not respond to stray and baseless news items but in view of the specific allegations and the nature involved we are constrained to give ...Clarification," its Chief Financial Officer Paresh C Mehta said in the filing.