Actor-businessman Sachiin Joshi was arrested on
Sunday by the Enforcement Directorate (ED) for his alleged involvement in
laundering Rs 100 crore in the business activites of Omkar Developers,
Hindustan Times reported. Joshi has been charged under the Prevention of Money
Laundering Act (PMLA) and is under questioning for two days. He will be taken
to the PMLA court on Monday.

Income tax officials raided Joshi’s residence in Mumbai
recently without citing any reason.

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In March 2020, a first information report (FIR)
was filed by Aurangabad Police against Omkar Group for criminal breach of
trust. They bought a firm, Surana Construction, which had slum rehabilitation
authority (SRA) rights for redevelopment of Anand Nagar SRA Cooperative Housing
Society, Wadala, Mumbai. However, Omkar and its promoters failed to pay the due
amount to the seller and mortgaged the future land of the SRA project.  They apparently
diverted Rs 410 crore taken in loans.

The
36-year-old businessman has made headlines before for buying Vijay mallya’s
Kingfisher Villa for Rs 73.01 crore. His website refers to him as “the man
behind the Viiking Mission, entrepreneur, businessman, actor, sports
enthusiast, franchise and team owner and movie producer”.

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The
Cyberabad Police in Hyderabad had registered a cheating and Trademark Act
violation case against Joshi and his father in October 2020 for operating a ‘gutka’
manufacturing unit it the outskirts of Hyderabad.

Joshi has worked in Tollywood and Bollywood. He was recently
seen in ‘Amavas’.