MUMBAI: Enforcement Directorate (ED) arrested Gopal Thakur of Monarch Universal group in a Rs 50-crore money laundering case on Thursday. ED on Friday produced Thakur before a special court and remanded him to its custody till July 8.
Thakur firms defaulted on a financial institution loan and cheated several flat buyers in their project by not allotting then flats after collecting money and selling them to multiple buyers. Most flats were priced according to the middle income people’s requirement. The group, which has many projects in Navi Mumbai, had hired a leading actress as brand ambassador and got celebrities o design interiors of flats in its projects after paying them crores. ED will probe the transactions. A source said, “The group has siphoned money. We are trying to trace the money trail. ED will examine all suspicious transactions.”
