The Enforcement Directorate (ED), probing a money laundering case, is now looking into how MNS chief Raj Thackeray walked away with a profit of Rs 20 crore in 2008 without any investment in Matoshree Realtors -- part of Kohinoor CTNL.

Kohinoor CTNL has been constructing Dadar's Kohinoor Square towers.

The ED, investigating the irregularities in NBFC (Non-Banking Financial Company) IL&FS, is probing the company's loan and equity investment in Kohinoor CTNL and had called Raj Thackeray for interrogation in this regard.

Raj Thackeray was one of the eight partners in the company along with MNS leader Rajan Shirodkar. The company was part of the initial company KPPL in which Unmesh Joshi's company and another firm were partners.

Unmesh Joshi and Rajan Shirodkar were questioned on Monday for around seven hours. It is suspected that some more people associated with the consortium which is a major defaulter of IL&FS could be summoned in the near future.

THE CASE

In 2005, KPPL formed another consortium named Kohinoor CTNL in which it held 51 per cent stake while 49 per cent stake was held by Infrastructure Leasing & Financial Services (IL&FS) for their Rs 225 crore investment in the company.

While IL&FS walked out of the consortium selling its stake for Rs 90 crore at a loss of Rs 135 crore, Raj Thackeray and his partner's firm, Matoshri Realtors, sold its stakes and earned Rs 80 crore.

Of the sale amount of Rs 80 crore, Rs 20 crore were received by Raj Thackeray while the remaining went to other partners of Matoshree realtors.

Matoshri realtors had invested Rs 4 crore in the consortium of which Rs 3 crore were reportedly borrowed from cooperative banks while Rs 1 crore came from two bank accounts. Sources in the agency say this transaction remains under the scanner.

Also, another Rs 36 crore was invested in the consortium on behalf of Matoshri realtors from various bank accounts which were termed as suspicious transactions and are being investigated.

Shirodkar's share after the exit from the consortium is not known and same is the case with the remaining six shareholders of Matoshri realtors.

Also read: MNS chief Raj Thackeray reaches ED office with family

ALSO WATCH| Raj Thackeray grilled for over 8 hours by ED in money laundering case