97cr fraud: ED arrests BJP MLA kin; lens on wife
Mumbai: ED on Monday arrested the brother-in-law of a BJP MLA from Madhya Pradesh, who was recently nabbed by
Mumbai police
for allegedly cheating a star hotel's owner, in a Rs 97-crore money laundering case.
The accused, Sudhanshu Dwivedi, and his sister (the MLA's wife) are directors in a company being investigated for fraud. Sources indicated that the MLA's wife may also face investigation.
Dwivedi allegedly deceived the hotelier with promises of profitable investment returns. After his arrest by Mumbai police's crime branch, along with one of his employees from Bhopal, he was placed in custody at Arthur Road jail.
ED filed an application last week requesting Dwivedi's custody after initiating a money laundering investigation based on police's FIR on fraud and threat. Dwivedi appeared in court on Monday, where ED arrested him and took him into custody.
Reports indicated that the hotelier, who hails from Indore, was introduced to Dwivedi through a mutual contact at a five-star hotel in Bandra. Dwivedi presented himself as a commodity trader who purchased grains directly from farmers for distribution among traders.
by Taboola
by Taboola
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He allegedly persuaded the hotelier to invest in this supposedly profitable venture last year. Following Dwivedi's instructions, the hotelier transferred Rs 452 crore to two companies' accounts.
The hotelier said he received grains worth only Rs 355 crore, after which Dwivedi went incommunicado. According to his complaint lodged with police, when he visited Dwivedi's Prabhadevi flat, two persons threatened him with weapons at Dwivedi's behest.
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