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Raut, 60, was arrested by the Enforcement Directorate (ED) on August 1 under the Prevention of Money Laundering Act (PMLA) in connection with alleged financial irregularities in the redevelopment of the Patra Chawl (row tenement) in suburban Goregaon.
He was produced before special PMLA judge MG Deshpande at the end of his judicial remand on Monday. The court extended his judicial custody by another 14 days.
The ED’s investigation pertains to alleged financial irregularities in the redevelopment of the Patra ‘chawl’ and related financial transactions involving Raut’s wife and associates.
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