Mumbai: The enforcement directorate was attached to the property worth RS 234 Crore, including the Karnala of the Sports Academy, former Mla Vivekanand Patil in the case of money laundering.
Last week, Ed submitted a chargesheet against Patil and Karnala Nagari Sahakari Bank Ltd (KNSBL), Panvel, at RS 500 Crore-money laundering cases.
Patil is also an exchairman of Knsbl.
Ed suspected that the funds were used for Karnala Charitable Trust and Karnala Sports Academy for the construction of property such as sports complexes, colleges and schools and for personal gain, using crime results and projecting as pure.
Ed stated that Patil from farmers and the worker party was cheated by bank money on behalf of 67 fictitious accounts.
Money will mostly get pulled in cash from the account and then it can be saved into 12 accounts related to Patil.
Patil will use money to create assets.
After that, he will get it redeposited to them 67 accounts before the end of the year to ensure that they are not NPA.
Patil operates 67 accounts on behalf of individuals and entities without their approval or agreement.
Loans are given without collateral breaking banking rules.
Ed began an investigation based on FIR registered by the police in 2019.
Case Laundering: Ed Seque RS 234CR Asset Vivekanand
