dhfl: Yes Bank-DHFL case: ED attaches Rs 415 cr worth assets of builders Avinash Bhosale, Sanjay Chhabria


Properties worth Rs 415 crore of apprehended Maharashtra contractors Avinash Bhosale and also Sanjay Chhabria have actually been connected in the Yes Bank-DHFL small business loan fraudulence connected money laundering situation, the Enforcement Directorate stated on Wednesday.Both the contractors were apprehended by the government firm in the event in June and also they remain in judicial guardianship currently.

The Enforcement Directorate (ED) had actually released a provisionary add-on order under the Avoidance of Money Laundering Act (PMLA) on Tuesday to affix the properties of Bhosale, worth Rs 164 crore, while Chhabria’s properties deserve Rs 251 crore.

The connected properties of Chhabria remain in the type of a land parcel situated in Santacruz, Mumbai worth Rs 116.5 crore, 25 percent equity shares of Chhabria’s business kept in a land parcel situated in Bengaluru worth Rs 115 crore, a level situated at Santacruz, Mumbai worth Rs 3 crore, revenue receivable from a resort coming from Chhabria situated at the Delhi flight terminal worth Rs 13.67 crore and also 3 premium deluxe autos worth Rs 3.10 crore, the ED stated in a declaration.

The buildings of Pune-based businesman Avinash Bhosale that have actually been connected remain in the type of a duplex level in Mumbai worth Rs 102.8 crore, a land parcel situated in Pune worth Rs 14.65 crore, an additional Pune situated land parcel worth Rs 29.24 crore, a land parcel in Nagpur worth Rs 15.52 crore and also an additional part of land situated at Nagpur valued at Rs 1.45 crore, it stated.

The ED and also the CBI are examining this situation and also both main companies have actually reserved both contractors,

founder Rana Kapoor and also DHFL promoter-directors Kapil Wadhawan and also Dheeraj Wadhawan in their different grievances.

While the Wadhawans were apprehended in this situation by the ED in Might, Kapoor was apprehended in March. They also remain in judicial guardianship currently like both contractors.

It was declared by the Central Bureau of Examination (CBI) in its problem that Rana Kapoor participated in a “criminal conspiracy theory” with Kapil Wadhawan and also others for prolonging monetary aid to DHFL by

instead of considerable “unnecessary advantage” to himself and also his relative via the business held by them.

The ED declared that Rana Kapoor via Yes Financial institution Ltd obtained spent Rs 3,700 crore in the short-term non-convertible bonds of DHFL and also Rs 283 crore in Masala Bonds of DHFL.

” Synchronised to this financial investment made by Yes Financial institution in DHFL, Kapil Wadhawan, via DHFL, paid a kickback of Rs 600 crore, in the attire of lending, to among Rana Kapoor’s beneficially had business– DOIT Urban Ventures (India) Pvt Ltd.

” Instantly after the stated transfer of funds to the song of Rs 3,983 crore by Yes Financial institution to DHFL assessed and also approved fundings to Span Team of Sanjay Chhabria and also obtained funds to the song of Rs 2,317 crore as lending from DHFL for growth of his task ‘Opportunity 54’ at Santacruz, Mumbai, and afterwards Chhabria drew away the exact same without utilizing it for the stated objective,” it stated.

Sanjay Chhabria “connived” with Avinash Bhosale and also “drawn away” funds to the last in his numerous beneficially had business, the ED asserted.

Besides this, Bhosale “connived” with Kapil Wadhawan and also obtained concerning Rs 71.82 crore from DHFL in the attire of giving specific solutions to DHFL and also various other entities.

” Nonetheless, the stated so called solutions have actually never ever been given and also exact same was used by Bhosale for his helpful usage,” it stated.

The complete add-on in this situation currently stands at Rs 1,827 crore, it stated.



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