India’s biggest banks were guilty of fraud
News Patiala: 3rd August 2022
The Enforcement Directorate has been conducting raids for the past few days. Along with this, the property of two builders accused of India’s biggest bank fraud has been confiscated. Sanjay Chhabria of Radius Developers and Avinash Bhosle of ABIL Infrastructure were earlier arrested in the Yes Bank-DHFL case. Due to this, the banks suffered a loss of more than Rs 34,000 crore.
Days after the seizure of the AgustaWestland helicopter, the Enforcement Directorate today seized assets worth Rs 415 crore of the two builders accused in the biggest bank fraud case, Yes Bank-DHFL. Central Bureau of Investigation or CBI officials recovered the helicopter from Avinash Bhosle’s property in Pune last week.
The agency said Sanjay Chhabria’s attached assets include land worth Rs 116.5 crore in Santacruz, Mumbai, 25 percent equity share in Chhabria’s company in a land parcel in Bengaluru worth Rs 115 crore, a land parcel worth Rs 3 crore. . Santacruz and flats included. Apart from this, three expensive luxury cars of Chhabria worth Rs 13.67 crore and a car worth Rs 3.10 crore were seized at the Delhi airport from a hotel belonging to Chhabria.
Property of Avinash Bhosle
Apart from this, Avinash Bhonsle’s assets include a duplex flat in Mumbai worth Rs 102.8 crore, a land parcel in Pune worth Rs 14.65 crore, and another land parcel in Pune worth Rs 29.24 crore, a land parcel in Nagpur worth Rs 15.52 crore. Yes, ED claimed. Another part of land worth crores of rupees was attached in Nagpur.
