Yes Bank-DHFL case | Enforcement Directorate attaches ₹415 crore worth assets of builders Avinash Bhosale, Sanjay Chhabria
The Hindu
The ED had issued a provisional attachment order under the Prevention of Money Laundering Act to attach the assets of Avinash Bhosale, worth ₹164 crore, while Sanjay Chhabria's assets are worth ₹251 crore.
Assets worth ₹415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached in the Yes Bank-DHFL bank loan fraud linked money-laundering case, the Enforcement Directorate (ED) said on August 3. Both the builders were taken into custody by the Federal Agency in the case in June and they are in judicial custody at present.
The ED had issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach the assets of Avinash Bhosale, worth ₹164 crore, while Sanjay Chhabria's assets are worth ₹251 crore.
The attached assets of Chhabria are in the form of a land parcel located in Santacruz, Mumbai worth ₹116.5 crore, 25% equity shares of Chhabria's company held in a land parcel located in Bengaluru worth ₹115 crore, a flat located at Santacruz, Mumbai worth ₹3 crore, profit receivable from a hotel belonging to Chhabria located at the Delhi airport worth ₹13.67 crore and three high-end luxury cars worth ₹3.10 crore, the ED said in a statement.
The properties of Pune-based businesman Avinash Bhosale that have been attached are in the form of a duplex flat in Mumbai worth ₹102.8 crore, a land parcel located in Pune worth ₹14.65 crore, another Pune located land parcel worth ₹29.24 crore, a land parcel in Nagpur worth ₹15.52 crore and another portion of land located at Nagpur valued at ₹1.45 crore, it said.
The ED and the Central Bureau of Investigation (CBI) are investigating this case and the two Central agencies have booked the two builders, Yes Bank co-founder Rana Kapoor and DHFL promoter-directors Kapil Wadhawan and Dheeraj Wadhawan in their separate complaints.
Watch | Yes Bank crisis explained
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