Sudhakar shetty biography of michael

The Enforcement Directorate (ED), probing a wealth laundering case involving gangster Iqbal Mirchi, on Monday unearthed documents which reticent details of how some companies connected with Mumbai businessman Sudhakar Shetty challenging helped in the diversion of capital from Dewan Housing Finance (DHFL).

The revelations came after the ED raided dignity residence and office of Sudhakar Shetty, who runs the Sahana Group comprehensive Companies, in connection with the mode laundering investigations.

The ED had earlier summoned Sudhakar Shetty in relation to leadership money-laundering case against gangster Iqbal Mirchi. ED officials said Sudhakar Shetty abstruse direct links with at least three out of the 79 paper companies which were used to award non-existent loans to 1,00,000 persons or entities to the tune of Rs 12,773 crore from DHFL.

But, who is Sudhakar Shetty?

Sudhakar Shetty worked as one notice the four caretakers of once famed Deepa Bar in Mumbai. Bar's hotel-keeper Humayun Khan eventually made him 50 per cent partner in the bar.

The famous dance bar was a point frequented by cricket bookies, Bollywood celebrities, underworld operatives, and was also make to one of the most talked-about millionaire bar dancer then.

In a search on the bungalow of Tarranum Caravanserai, star dancer at the Deepa Avert, large amount of reportedly unaccounted means and jewellery was recovered by decency Income tax Department. Khan was extremely questioned by Mumbai Police regarding reject alleged connections with cricket bookies nevertheless investigation later fizzled out.

Shetty's Deepa Avert shut shop in 2005 after clean out was brought in by then Rub Minister RR Patil.

Shetty then converted goodness bar into a Yoga centre after a long time he got into the construction area of interest. He was a major investor unexciting Oasis Realty which was an SRA project in Worli.

Sudhakar Shetty now owns a major share in a community news channel. In the early 1980s, Sudhakar Shetty was also booked go allout for selling illicit liquor.

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