Summary:
Similarly, investigators want to know his associates in the crime and details of all cases registered so far against him at various places across the country. The ED probe revealed that Masood invested Rs6.67 crore, raised through alleged money laundering, in the Hinjewadi land, and the same was finally attached in July 2013 under the Prevention of Money Laundering Act provisions.Despite the attachment, Masood sold the land through his POA-holder Varekar to Sahil Realtors, a partnership firm. (With inputs from Gitesh Shelke) Also, Masood had mentioned addresses of his shut down businesses in the POA and the police wanted to establish his relationship or link with Sahil Realtors, he submitted.Agarwal submitted the police also wanted to establish the exact amount transacted for the Hinjewadi land deal as its valuation shown in the deeds of transfer was not matching with the market value. The realty firm then sold the land to Hindavi Swarajya Corporation Private Limited, a company formed by over 100 software professionals, which developed the housing project.Public prosecutor Premkumar Agarwal submitted that Masood’s custodial remand was needed for the police to investigate why he executed the POA in favour of Varekar in Noida when they were residents of Mumbai and Thane, respectively..