Mumbai Court Rejects Archana Kute's Anticipatory Bail In ₹2,467 Crore DMCCSL Money Laundering Case
· Free Press Journal
Mumbai: The Special PMLA court in Mumbai has denied anticipatory bail to Archana Kute, wife of Suresh Kute (Kute Group) and former chairman of Dnyanradha Multi-State Co-operative Credit Society Ltd (DMCCSL). She faces a money laundering case involving Rs 2,467 crore alongside her husband. Archana is currently in prison after her arrest in a fraud case at Kaij Police Station.
A total of 36 cases have been filed across police stations for allegedly inducing depositors to invest in DMCCSL and diverting funds to Kute Group entities. She sought anticipatory bail, claiming she was implicated only as Suresh’s wife and a non-executive director/shareholder with no role in daily management.
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Three Mumbai Youth Held With ₹4 Crore In US Dollars In Park Street Money Laundering Case In KolkataED prosecutor Arvind Aghav opposed the plea, arguing she held substantial ownership (50% shares in many companies with Suresh, designated partner in LLPs, and proprietary concerns in her name). She was aware of the illegal funds from DMCCSL, used for property purchases, personal expenses, and non-business purposes, benefiting her directly/indirectly.
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