New Delhi: The Enforcement Directorate on Saturday said that it had attached a building that was worth more than the RS 190 Crore in Mumbai as part of a money laundering probe associated with the case of bank fraud that was allegedly against the former Bhushan Power and Steel Limited CMD Singal.
Housing assets are located in Ceejay House in Worli, opposite Ultra Mall, Poonam Chambers, and worth Rs 190.62 Crore, he said in a statement.
“The funds used for purchasing this property with the origin of LLP real estate are sucked from BPSL and transferred through the Shell company that projects loans without the same guarantee.” “It has been established that a loan without a guarantee called without documentation and payment obligations,” the body said.
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BJP leader Devendra Fadnivis.
Money laundering case was submitted to the singal and the other based on the FIR CBI submitted in April 2019.
The agency claimed “criminal conspiracy was set to dishonestly and fraudily divert a large number of bank funds through the company / company shell and other entities and payments The number of loans accidentally default and CENVAT Credit that cannot be accepted is also claimed The incorrect and debated acquisition for themselves.
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Allegedly in CBI FIR which utilizes various credit facilities.
Of the 33 different banks / financial institutions and extraordinary default numbers on January 30, 2018 are Rs 47,204 Crore, he said.
BPSL and the director “intentionally” default in payment of loans to the loan / financial institution bank according to the timetable of their time and account is constantly irregular, claimed.
Furthermore, he said, the main bank in the consortium, Punjab National Bank (PNB) stated a BPSL account as NPA (not performing assets) as of December 31, 2015, followed by banks / other financial institutions.
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Singal was arrested by ED in November 2019 and the agency then attached assets worth more than Rs 4,420 Crore and also submitted a court sheet in this case.
BPSL Case: Ed attach a 190-cr RS building
