Mumbai based builder Sudhakar Shetty who has been on the radar of central agencies is likely to be arrested soon. The Central Bureau of Investigation is tightening its noose around Shetty in connection of the 35000 crore racket.
Earlier CBI had carried out searches at the premises of erstwhile promoters of DHFL, Kapil Wadhawan, his brother Dheeraj, builder Sudhakar Shetty of Sahana group and companies associated with them after registering a Rs 34,615 crore bank fraud case against them.
Shetty’s name had also cropped up in an investigation done by Enforcement Directorate two years back too. He was accused of being involved in Hawala scam along side Iqbal Mirchi who was a close aid of fugitive Dawood Ibrahim
in the alleged money-laundering probe.
Shetty is not new to controversies. The Enforcement Directorate (ED), probing a money laundering case involving gangster Iqbal Mirchi. CBI has also unearthed documents which contained details of how some companies linked with Mumbai businessman Sudhakar Shetty had helped in the diversion of funds from Dewan Housing Finance (DHFL). Also Radius group chairman Sanjay Chabaria in his statement has specified how Shetty has symphoned off crores of funds on behest of Diwans.
Who is Sudhakar Shetty
Sudhakar Shetty worked as one of the four caretakers of once famous Deepa Bar in Mumbai. Bar’s owner Humayun Khan eventually made him 50 per cent partner in the bar.
The famous dance bar was a hotspot frequented by cricket bookies, Bollywood celebrities, underworld operatives, and was also home to one of the most talked-about millionaire bar dancer then.
In a raid on the bungalow of Tarunnum Khan, star dancer at the Deepa Bar, large amount of reportedly unaccounted money and jewellery was recovered by the Income tax Department. Khan was also questioned by Mumbai Police regarding her alleged connections with cricket bookies but investigation later fizzled out.