ED Attaches Assets in Sandesara Fraud case

The Enforcement Directorate 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 (PMLA) in Sandesara Group bank fraud case.

These include assets of son-in-law of late Congress leader Ahmed Patel and Bollywood actor Dino Morea. These attached assets belong to Sanjay Khan (Rs3 crore), Dino Morea (Rs1.40 crore), Aqeel Abdulkhalil Bachooali (Rs1.98) and Irfan Ahmed Siddiqui (Rs.2.41 crore).

Siddiqui is son-in-law of late senior Congress leader Ahmed Patel. Four separate provisional attachment orders under section 5 of PMLA have been issued in this regard, the agency said in a press statement.

The agency had initiated investigation under PMLA on the basis of FIR registered by CBI, Delhi for cheating several public sector banks.

The agency has claimed that it’s probe revealed that Sandesara have diverted proceeds of Crime of Rs.3 crores, Rs.4 crores, Rs.12.5 crore & Rs.3.51 crore to Sanjay khan, Dino Morea, Aqeel Bachooli and Irfan Ahmed Siddiqui respectively. Earlier, ED had attached movable/ immovable properties to the tune of Rs. 14,513 crore vide 08 provisional attachment orders in relation to this case.

With this attachment, the total attachment in this case reached to Rs14,521.80 crore.

Total Proceeds of Crime in this case is more than Rs. 16,000 crores, the agency added. So far ED has filed four charge sheets and arrested four in the bank scandal. Nitin Sandesara, Chetan Sandesara, Dipti Chetan Sandesara and Hitesh Patel stand declared fugitive economic offenders by the Special Court.   S-ET

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