The Enforcement Directorate (ED), Mumbai Zonal Office, has alleged that Ashokkumar Eknath Kharat alias “Captain” alias “Bondhu Baba” laundered proceeds of crime through two cooperative credit societies, according to a prosecution complaint filed before the Special PMLA Court in Mumbai on July 17, 2026.
The ED has also provisionally attached immovable properties worth Rs 19.20 crore under the Prevention of Money Laundering Act (PMLA). Combined with assets worth Rs 17.70 crore seized or frozen earlier during searches, the total value of assets attached, seized or frozen in the case has reached about Rs 36.90 crore.
The investigation, based on multiple FIRs registered in Maharashtra, alleges that Kharat cheated devotees by claiming divine powers and promising to cure illnesses, avert misfortune and ensure business prosperity.
According to the ED, the proceeds of crime were routed through two cooperative credit societies by operating multiple accounts in connivance with an employee and through benami accounts involving large cash deposits and withdrawals.
The agency has not disclosed the names of the cooperative societies. Kharat was arrested on May 19, 2026, and remains in judicial custody while the investigation continues.
