NEW DELHI: The Directorate of Enforcement (ED) seized on Monday movable and immovable property worth Rs 91.8 crore in connection with a bank fraud involving Rs 1,267 crore.
An ED official said the agency tied the properties – owned by CA Bharat Bomb of Udaipur, Shankar Lal Khandelwal and others – in the reported loan fraud case at the former Syndicate Bank.
The attached assets include farmland, plots, shops, offices, apartments and bungalows in the districts of Jaipur, Udaipur and Sri Ganganagar in Rajasthan and money in bank accounts.
The ED took over the case on the basis of an FIR and indictment filed by the Central Bureau of Investigation against officials of the former Syndicate Bank (now Canara Bank) and some people private.
It was alleged that the mastermind of the fraud, Bharat Bomb, a chartered accountant based in Udaipur, in collusion with bank officials, defrauded the bank of Rs 1,267.79 crore.
During the ED’s investigation into the money laundering aspect of the case, it was revealed that the proceeds of crime had been transferred by Bharat Bomb to various bank accounts through a complex maze of transactions.
“He had invested the money in buying real estate in his own name and that of his family members, associates, employees, shell companies and companies, and real estate projects in Udaipur,” an official said. of ED.
The official said these properties were held in the name of Bharat, his wife Pooja, Father Shanti Lal and his accomplices Mahendra Meghwal, Vineet Jain, Pradeep Nimawat and various entities such as Rameshwaram Material Trading Company Private Limited, EWDPL, Chandigarh Hospitality Pvt Ltd. , Khandelwal’s company, Shree Govind Kripa Buildcon Pvt Ltd, and others.
Previously, the ED had attached properties valued at Rs 386.58 crore and announced the seizure of Rs 2.25 crore in the form of a draft application in the case.
The ED had filed an indictment against 81 defendants, including Bharat Bomb, Vineet Jain, Mahendra Meghwal, Vipul Kaushik, Khandelwal, Anoop Bartaria, Himanshu Verma, some bank officials and others in a special PMLA court. in Jaipur.