In a major action, the ED has attached assets worth Rs 415 crore of two builders in the Yes Bank-DHFL case. Action is already going on in this matter but Wednesday’s incident is big.
Yes Bank-DHFL case The ED has taken a big action in this. Properties worth Rs 415 crore of two builders associated with this fraud have been confiscated. In this case, a day earlier, the ED had seized the AgustaWestland helicopter, taking a major action. The people against whom the ED has acted are accused of money laundering and fraud.
DHFL fraud case is called the biggest bank fraud in the country. Sanjay Chhabria and Avinash Bhosale are among the two builders whose properties have been seized. Both have already been arrested. The Yes Bank-DHFL fraud case is worth Rs 34,000 crore.
Sanjay Chhabria heads Radius Developers while Avinash Bhosale heads ABIL Infrastructure. Both these builders have already been arrested in the Yes Bank-Dewan Housing Finance Limited case. In this case of the country’s biggest banking fraud, there has been an allegation of fraud of 34,000 crores. In this fraud case, the money of the consortium of 17 banks has been sunk, which was formed under the chairmanship of Union Bank of India.
so much property confiscated
The Central Bureau of Investigation (CBI) is already conducting its own investigation in this case. In an action last week, the CBI found an AgustaWestland helicopter at a property of Avinash Bhosle in Pune, after which it was confiscated. On Wednesday, a land parcel worth Rs 116.5 crore in Santacruz, Mumbai, a land parcel of Rs 115 crore located in Bengaluru with 25% equity share of Chhabria’s company, another flat at Santacruz worth Rs 3 crore, belonging to Chhabria at the Delhi airport. A hotel worth Rs 13.67 crore and three high-end luxury cars of Sanjay Chhabria worth Rs 3.10 crore were seized.
Apart from this, the property of Avinash Bhosle has also been confiscated. ED has seized a duplex flat worth 102.8 crores in Mumbai, a land parcel of 14.65 crores in Pune, another land parcel of 29.24 crores in Pune itself, 15.52 crores plot in Nagpur and 1.45 crores plot in Nagpur itself.
what is the whole matter
All these actions have been taken under the Prevention of Money Laundering Act, 2002 (PMLA). Under this law, the property of both the property builders has been confiscated. In the Yes Bank-DHFL fraud case, an FIR was registered against Yes Bank co-founder Rana Kapoor and DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, after which action is going on against all these accused. The FIR was registered in 1988.
The FIR states that Rana Kapoor, in connivance with Kapil Wadhawan and other accused, provided financial help to DHFL through Yes Bank. In return, Rana Kapoor got money. Rana Kapoor and his family companies got the money for this fraud case. In the same case, during a search operation last week, the CBI had seized paintings and watches worth several crores.