Don’t miss the latest developments in business and finance.

ED conducts searches at Nashik infra firm over Bhujbal link

Three teams of ED and IT department started searches in morning at the office of Ashoka Buildcon in Vadala locality

Big lenders submit loan documents related to Kingfisher Airlines to ED
Press Trust of India Nashik
Last Updated : Apr 06 2016 | 10:56 AM IST
Enforcement Directorate and Income Tax department today conducted joint searches at the office of an infrastructure firm here and the residence of its head in connection with allegations that it financed certain construction by family of ex-deputy Chief Minister Chhagan Bhujbal, arrested last month in a money laundering case.

Three teams of ED and IT department started searches in morning at the office of Ashoka Buildcon in Vadala locality, at a toll naka in Pimpalgaon Basawant on outskirts of city and at the house of the owner of the firm, sources said.


Senior BJP leader Kirit Somaiya had last month made certain claims wherein Ashoka Buildcon had been mentioned in respect of certain allegations made against Bhujbal and his family.

Somaiya, the MP from North East Mumbai, had claimed to have submitted some documents to Nashik police commissioner in this regard on March 25.

Ashoka Buildcon had said that it neither financed any construction by the family of Bhujbal nor sponsored the then MP Sameer Bhujbal's trip to FIFA World Cup in South Africa.

The NCP leader is currently in judicial custody in Mumbai.

"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 had said in a filing to the BSE.

Also Read

First Published: Apr 05 2016 | 8:22 PM IST

Next Story