Businessman Sadanand Kadam arrested by ED in money laundering probe related to Shiv Sena leader Anil Parab and Sai Resort NX construction.

The Enforcement Directorate (ED) has arrested businessman Sadanand Kadam in connection with a money-laundering probe related to Shiv Sena (UBT) leader and former Maharashtra minister Anil Parab and alleged illegalities in the construction of Sai Resort NX in Dapoli, Ratnagiri. The resort was reportedly built in a 'No Development Zone' under Coastal Regulation Zone-III. The ED alleges that Kadam conspired with Parab to conceal irregularities in the construction of the resort. The investigation revealed that Kadam had allegedly connived with Parab, who is accused of selling the resort's land to him on paper, to conceal irregularities in the construction. The ED initiated the money-laundering probe against Parab, Sai Resort NX, and others, under the Prevention of Money Laundering Act on the basis of a complaint filed by the Ministry of Environment, Forest and Climate Change against Parab, Sai Resort, Sea Conch Resort, and others. The official said that a case was also registered against Parab and others by the Dapoli police station for allegedly deceiving and causing loss to the state government of Maharashtra. Kadam was arrested for his alleged non-cooperation during questioning, according to ED sources. The agency had summoned him on Friday for questioning in the case, which continued for up to four hours at its headquarters in Ballard Estate. The case has been ongoing for some time, with the ED investigating the alleged money-laundering activities of various entities linked to Parab, including Sai Resort NX.