2 Builders' Belongings Value Rs 415 Crore Seized In India's Largest Financial institution Fraud
Days after An AgustaWestland helicopter was seized from the property of a Maharashtra-based builder accused of cash laundering and dishonest, the Enforcement Directorate right now hooked up belongings price Rs 415 crore from him, and one other builder, who’re accused in India’s largest financial institution fraud case.
Sanjay Chhabria of Radius Builders and Avinash Bhosale of ABIL Infrastructure had been earlier arrested within the Sure Financial institution-DHFL (Dewan Housing Finance Restricted) case that induced an alleged lack of over Rs 34,000 crore to a consortium of 17 banks led by Union Financial institution of India.
Central Bureau of Investigation, or CBI, officers had final week discovered the helicopter on the property Avinash Bhosale in Pune.
At the moment, a land parcel in Mumbai’s Santacruz price Rs 116.5 crore, 25% fairness shares of Mr Chhabria’s firm held in a land parcel positioned at Bengaluru price Rs 115 crore, one other flat in Santacruz price Rs 3 crore, revenue from a lodge belonging to Mr Chhabria at Delhi airport price Rs 13.67 crore, and three high-end luxurious automobiles of Sanjay Chhabria price Rs. 3.10 crore had been seized, the company stated.
Additional, belongings of Avinash Bhosale within the type of a duplex flat belonging in Mumbai price Rs 102.8 crore, one land parcel in Pune price Rs 14.65 crore, one other land parcel in Pune price Rs 29.24 crore, a land parcel in Nagpur price Rs 15.52 crore and one other portion of land positioned in Nagpur valued at Rs. 1.45 crore had been hooked up, ED claimed.