The Enforcement Directorate (ED) has filed a prosecution complaint before a Prevention of Money Laundering Act (PMLA) special court at Nagpur against NCP chief Sharad Pawar’s ally, and also former treasurer of the party Ishwarlal Jain, his son Manish Jain. Ishwarlal is a former MP, and his son a former MLC.
The two are promoters of Jalgaon-based jewellery firms Rajmal Lakhimchand Jewellers Pvt Ltd, RL Gold Pvt Ltd, and Manraj Jewellers Pvt Ltd. The duo with other accused are facing ED action in an alleged bank fraud case leading to a loss of Rs352 crore to the SBI.
A prosecution complaint filed before a PMLA special court is equivalent to a charge sheet in regular case.