Pune: ED raids Avinash Bhosale’s ABIL group office near Pune University

Pune: The Enforcement Directorate (ED) today (February 10) carried out raids at the realtor Avinash Bhosale’s company headquarters, ABIL Group at Ganeshkhind near the Pune University campus.  The raid is said to have taken place in a foreign currency case. Reportedly, ED took the action against Bhosale for violating FEMA act.

The office premises is being raided since 8.30 in the morning. ED suspects Rs 500 crore being deposited by Avinash Bhosale in a foreign bank account without the IB’s permission.

A few days back, Avinash Bhosale was interrogated by the Enforcement Directorate (ED) at his Mumbai office for more than eight hours.

Around 14 years ago, the low-profile Bhosale, who is a realty developer and into hotel business, was arrested by the Department of Revenue Intelligence (DRI) from Mumbai Airport and later released on bail. Bhosale lives in a huge well-appointed mansion, often called a “palace” by the locals with a private heliport for his helicopter, and owns a fleet of BMWs and Rolls Royces parked in the garage.

Bhosale’s daughter is married to Vishwajeet Kadam, the wealthiest candidate in the 2014 Lok Sabha elections lost to the BJP nominee.

His father Patangrao Kadam is a front-ranking Congress politician and a former cabinet minister in Maharashtra, besides running the famed Bharatiya Vidyapeeth, a Deemed University with several educational insitutions under its fold.