Mumbai: The Enforcement Directorate (ED) on Thursday handed Chargesheet before the special prevention of the money laundering court against the former Bank Promoter Rana Kapoor, his wife Bindu and Industrialist Gautam Thapar in the case of money laundering relating to the purchase of pawpaged properties.
with lower rates of market value.
Property, a bungalow owned by Thapar of Avantha Realty at Amrita Shergill Marg in Delhi, is worth more than RS 685 Crore mortgaged with the bank.
Allegedly that Kapoor received illegal satisfaction from Rs 305 Crore by buying a bungalow for Rs 380 Crore.
The company controlled thapar default RS 2,500 crore loan payment yes bank.
Chargesheet of around 1,300 pages named around 10 were accused, including several former senior officials of the Bank which allegedly helped Kapoor in money laundering, and their statements and other evidence collected during the investigation.
Bungalows are part of the results of crime and ED before attaching it in this case.
Ed investigated Kapoor in six different money laundering cases and the chargesheet in most of them.
Avantha Group Company obtained RS 350 Crore credit facilities from ICICI Bank and RS 30 Crore from Bank Development Credit (DCB) to guarantee bungalows.
On ICICI loans, the bungalow assessment was shown as Rs 550 Crore in 2016.
In the same year, the bank approved a loan Rs 400 Crore to Avantha Realty as a lease discount for a period of 10 years.
Avantha Realty does not qualify for loans because it already has an extraordinary obligation with the bank.
It uses a loan yes bank to pay the extraordinary ICICI bank and DCB loans.
Bungalows mortgaged with the bank.
Yes the bank extends further loan facilities to the Avantha and total company groups are Rs 2,500.
Later, Avantha Group of Companies became NPA and obtained NOC banks to auction bungalows.
But it did not follow the legal process and sell it to Bliss Abode, a company managed by Bindu, at RS 380 Crore in 2017.
Fees are submitted against Kapoor and Wife shutter
