The ED said Deshmukh has emerged as “the important cog in the wheel” and that he was the “prime beneficiary of the proceeds of crime.” The ED said his sustained interrogation is required to get to the bottom of nefarious deals entered into by the accused through a complex web of companies.
Deshmukh was produced in court at 12.30 pm.
Opposing Deshmukh’s custody, his lawyer Vikram Choudhari told the court his client’s shoulder is dislocated and he needs constant support.
He said Deshmukh had recovered from Covid in February, has a heart ailment and is suffering from hypertension. The court allowed his plea for home food and medicine during ED custody, advocate Aniket Nikam said. They denied Deshmukh had not co-operated with investigations.
The ED’s remand said that with help of close associates, the Deshmukh family was indirectly controlling and managing business activities in various companies and laundering money by creating a complex web of transactions.
The ED cited three instances to explain his modus operandi to convert unaccounted cash he received via illegal means into legitimate money through suspicious companies.
“These entities appear a vehicle for conversion for cash into cheques through these benami transactions,” the ED’s remand plea submitted and argued by ASG Anil Singh said. The ED sought Deshmukh’s 14-day custody.
The defence said those who made allegations are themselves embroiled in multiple cases and one person is nowhere to be found.
The ED said in spite of summoning him several times, Deshmukh had never appeared.The media was not allowed entry into the court room due to “overcrowding”, the judge noted.
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