The Enforcement Directorate has taken the custody of ABIL group chairman Avinash Bhosle in connection with an alleged money-laundering case, an official said on Tuesday.

The Pune-based businessman had earlier been arrested by the Central Bureau of Investigation (CBI) in connection with an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Wadhawan of the DHFL. He was subsequently lodged at the Arthur Road prison in Mumbai. On Monday evening, officials of the ED took Bhosale's custody from the prison, the official said. He will be produced before a court later in the day, sources said.