On 27.06.2023, the Directorate of Enforcement (ED) arrested Sachin Balasaheb Sawant, Additional Commissioner of Customs, IRS (Customs & Central Excise: 2008), as part of an ongoing investigation under the terms of the Prevention of Money Laundering Act, 2002.
The ED launched an inquiry based on a FIR filed by the CBI, ACB, Mumbai under the Prevention of Corruption Act, 1988. Sachin Balasaheb Sawant is accused of amassing assets disproportionate to his known and lawful sources of income throughout the check period.
During the PMLA investigation, it was discovered that cash deposits totaling Rs. 1.25 crore were made from unknown sources in the personal bank accounts of Sachin Balasaheb Sawant’s family members and in the bank account of a dummy company in which his father and brother in law were directors. It was discovered that real estate was acquired in the name of the fictitious corporation. Personal loans and other bank loans were used to acquire the home, with repayments made in cash as well. Although the flat was registered in the name of a fictitious corporation, Sachin Sawant was the actual owner.
On June 27, 2023, the ED apprehended Sachin Balasaheb Sawant in order to identify the profits of crime. He was also brought before the Hon’ble Designated Special PMLA Court in Mumbai. The Hon’ble Court has awarded ED custody of Sachin Balasaheb Sawant until July 5, 2023. Further research is being conducted.
