Pune: Former Pune ZP Chairman Mangaldas Bandal Arrested by ED in Money Laundering Probe; Documents and Bank Details Seized
Pune : The former chairman of the construction committee of the Pune Zilla Parishad, Mangaldas Bandal, was arrested by the Enforcement Directorate on Tuesday in the illegal financial transactions (money laundering) case. The ED seized some documents from Bandal’s residence. Also, the ED officials took information about Bandal’s bank accounts.
On Tuesday morning, the ED conducted raids on the houses of Mangaldas Bandal in connection with the money laundering case. After the 16-hour long investigation, Bandal was arrested by the ED. The ED team has recovered some important documents regarding the case and the cash amount of Rs 5 crore, 60 lakh rupees, from his house.
The ED also found Bandal in possession of four luxurious watches whose market values are estimated in crores. Earlier, Bandal faced action by the Income Tax Department.
The Pune police had earlier booked Mangaldas Bandal under the Maharashtra Control of Organised Crime Act (MCOCA) for threatening a well-known jeweller in Shirur. Further, a complaint was registered against him in the Shivajirao Bhosle Bank embezzlement case. Bandal served 20 months of imprisonment in that case until he was released by the court before this year’s Lok Sabha elections.
