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HDIL promoters, bizman Shroff charge-sheeted
Hindustan Times Mumbai
|March 01, 2025
The Enforcement Directorate (ED) has submitted a second supplementary charge sheet against 26 individuals or entities in the Housing Development Infrastructure Limited (HDIL) money laundering investigation relating to the alleged fraudulent transfer of 30-odd office units at Andheri East's business park, Kaledonia, belonging to Mack Star Marketing Private Limited.
MUMBAI:
Among the individuals named in the charge sheet are HDIL promoters Rakesh Wadhawan and his son Sarang, and businessman Raj Shroff, son-in-law of former Maharashtra chief minister Sushilkumar Shinde, and his two firms.
Mack Star allegedly suffered a "wrongful loss" of around ₹345.48 crore as a result of the irregular sale-transfer of the properties to a set of 12 purchase transactions, according to the charge sheet recently submitted to a special court.
The charge sheet draws attention to two office units in Kaledonia that were sold or transferred to Jindal Combines Pvt Ltd and Orlando Trading Pvt Ltd, both owned by Shroff, which allegedly resulted in a loss of ₹16.09 crore to Mack Star, according to the charge sheet.
This story is from the March 01, 2025 edition of Hindustan Times Mumbai.
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