The amount of resources attached by the Enforcement Directorate 415 crore in Yes Bank-DHFL fraud case. of total, 251 crore resources belonged to Sanjay Chhabria and 164 crores of Avinash Bhosle.
The ED passed two temporary attachment orders against the pair under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA). With this most recent attachment, everything rises 1,827 crore, the enforcement agency said. Sanjay Chhabria’s associated resources are in the form of a land bundle located at Santacruz, Mumbai 116.5 crores, 25 percent of the value of Chhabria’s organization kept in the land package in Bangalore 115 Cr, a Flats located in Santacruz, Mumbai Rs 3 crore profit from Chhabria’s hotel at Delhi airport 13.67 crores and three very good quality waste vehicles 3.10 crores.
In addition, Avinash Bhosale’s associated resources were in the form of Bhosale’s duplex flat, which is located in Mumbai. 102.8 crore, a bundle of land located in Pune 14.65 crore, another land package located in Pune 29.24 crore, a land bundle located in Nagpur 15.52 crore and to the degree of another part of the land situated at Nagpur 1.45 crores.
The ED has also arrested Sanjay Chhabria and Avinash Bhosale in June and both are in legal custody.
Special Judge Vishal Gogne, who had denied him bail on August 22, granted him relief for two weeks from the day he was released from jail, saying, “The detention of an accused, regardless of the gravity of the offence, cannot be done. loss of his basic human right and free agency in determining the nature and location of medical care, particularly when the grave risk to life and limb exceeds a reasonable likelihood.”
The judge said that the application seeking bail disclosed the medical grounds for release, which is corroborated by the report of the Medical Officer-in-Charge of the Jail Dispensary.
“The objections in terms of factual metrics including financial fraud by CBI and alleged recovery of costly painting (worth around Rs 30 crore) from the accused are beyond the scope of consideration,” the judge said.
The court directed advocate Hemant Shah, appearing for the accused, to immediately inform the Investigating Officer (IO) about the details of the hospital/medical facility where the accused is to seek medical care.
“In fact, the accused has been in medical custody more so far (outside Jail MI Cell or Government Hospitals) than in the normal jail cell,” the court said, noting that the accused was suffering from various ailments, which were “constantly”. Deterioration in medical condition”.
The court had earlier refused to grant him bail in the case because of his potential impact on both the evidence and the witnesses.
The court held that he was “prima facie” involved at some stage in the diversion of “polite money” arising out of the loan.
The Central Bureau of Investigation (CBI) had earlier conducted searches at the premises of Nawandar and recovered a large collection of uber-luxury watches and two paintings worth crores of rupees including Rolex Oyster Perpetual, Cartier, Omega and Hublot. 33 crore, officials said.
The agency claimed that the items belonged to former DHFL CMD Kapil Wadhawan and the company’s former director Dheeraj Wadhawan, who had allegedly defrauded banks. 34,615 crore, this is the biggest bank loan fraud case ever probed by the agency.
Officials said these items were allegedly purchased using the proceeds of the scam and were kept in the premises of Nawandar to avoid recovery and seizure by the enforcement agencies.
The CBI had alleged that Nawandar was acting as a conspirator and aiding the divans to hide the proceeds of crime and was in the process of disposing of these items at the time of his arrest by the agency.
The CBI had registered the case on June 20 on a complaint by Union Bank of India (UBI), leader of the 17-member lender’s consortium, which provided loan facilities to DHFL. 42,871 crore between 2010 and 2018.
The bank has alleged that Kapil and Dheeraj Wadhawan along with others in a criminal conspiracy, misrepresented and suppressed facts, committed criminal breach of trust and defrauded the consortium by misusing public funds. 34,615 crore due to default in loan repayment since May 2019, the CBI said.
It said that the audit of the books of accounts of DHFL has revealed that the company allegedly committed financial irregularities, diverted funds, created books and diverted the funds to the public to “make assets for Kapil and Dheeraj Wadhawan”. used the money.
catch all corporate news And updates on Live Mint. download mint news app to receive daily market update & Live business News,