Mumbai:: The Enforcement Directorate (ED) has launched a money laundering investigation under the Prevention of Money Laundering Act (PMLA) targeting Shiv Sena (UBT) legislator Ravindra Waikar. The probe is linked to the development of a lavish hotel project in Jogeshwari.

This case, referred to as the 'Rs500 crore 5-Star Hotel Scam,' accuses Waikar of deceiving the Brihanmumbai Municipal Corporation (BMC) by securing authorization for the construction of a five-star hotel on a land parcel originally designated for a BMC playground.

The ED is anticipated to issue summonses to Ravindra Waikar and other individuals implicated in this case. According to authorities, they have already collected all pertinent case documents and statements from Ravindra Waikar, which have been handed over to the Mumbai Police's Economic Offences Wing (EOW).

Previously, Ravindra Waikar underwent an eight-hour interrogation by the ED in relation to this money laundering inquiry. Waikar presently serves as a member of the Maharashtra Legislative Assembly, representing the Jogeshwari East Assembly Constituency. He is a trusted associate of Maharashtra's Chief Minister and Shiv Sena leader, Uddhav Thackeray.

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