New Delhi: Enforcement Directorate (ED) on Friday said that it has provisionally attached eight immovable properties, three vehicles and several bank accounts, shares, mutual funds having total value of Rs. 8.79 Crore under provisions of Prevention of Money Laundering Act in Sandesara Group bank fraud case.
These attached assets are belonged to Sanjay Khan ( Rs. 3 Crore), Dino Morea ( Rs. 1.40 Crore), Aqeel Abdulkhalil Bachooali (Rs. 1.98 Crore) and Irfan Ahmed Siddiqui ( Rs. 2.41 Crore). Four separate provisional attachment orders under section 5 of PMLA have been issued in this regard.
Enforcement Directorate initiated investigation under PMLA on the basis of FIR registered by CBI, Delhi for cheating several public sector banks.
Investigation by ED revealed that Sandesaras have diverted ‘Proceeds of Crime’ of Rs 3 crore, Rs 1.4 crore, Rs 12.54 crore and Rs 3.51 crore to Sanjay Khan, Dino Morea, Aqeel Bachooali and Irfan Ahmed Siddiqui respectively.
Earlier, ED had attached movable and immovable properties to the tune of Rs 14,513 Crore vide eight Provisional attachment orders in relation to this case.
“With this attachment, the total attachment in this case reached to Rs 14,521.80 Crore. Total Proceeds of Crime in this case is more than Rs 16000 Crore”, the probe agency said.
So far, one Prosecution Complaint along with four supplementary complaints have been filed in this case and four arrests have been made by ED while key accused of this case Nitin Sandesara, Chetan Sandesara, Dipti Chetan Sandesara and Hitesh Patel have been declared fugitives by the Special Court.(UNI)