Hyderabad: The Directorate of Enforcement has issued a share of freezing shares accused of Sky Scam on September 24 below the prevention of money laundering laws, and the estimated value of shares has arrived at RS 700 Crore according to the assessment report.
The total loan taken by Carvy is estimated to be around RS 3,000 Crore.
Prima Facie, Probe revealed the net number of 1,096 crore Rs transferred by KSBL to the Karvy Realty (India) Group Company from April 2016 to October to 2019.
Ed Probe also found that removal of files and emails from computer servers using an anti-forensic tool has been carried out, under the Instruction of C.
Parthasarathy Ed has searched six Karvy Stock Broking Location Limited and Frozen Stocks Carvy Groups held directly and not Directly by Chair and Managing Director C Parthasarathy, his sons, Rajarparthasilathy and Adhiraj Parthasarathy, and their entities to maintain the crime.
Ed issued ECIR under PMLA based on the police Hyderabad CCS about complaints HDFC Bank accused that the KSBL illegally guarantored its client’s securities and took a loan from Rs 329 Crore and diverted.
In the second case, the police Hyderabad Director Karvy was ordered to deceive Bank Indusind to the Nada RS 137 Crore and the Cyberabad police have registered one more FIR to deceive Bank Icici in RS 562 Crore tone.
ED alleged “Karvy under the leadership of C Parthasarathy has committed a rough irregularities and all loans taken illegally have become NPA …
total loan production taken from many banks using the same operandi mode is around RS 2873 Crore.
NSE and SBI are also investigating KSBL business It cheatedly transferred his client’s shares to his own Fool Account (which was not disclosed to the exchange) and promised shares held in this account with lenders / banks (HDFC Bank, ICICI Bank), Bank Indusind, Axis Bank, etc.).
“The effects lying on the DP account mentioned above the KSBL actually belongs to the client who is the legal owner of the guaranteed effect.
The KSBL does not have a legal right to make a promise to this securities and generate the loan funds taken.
By KSBL from the importance of illegal shares is.
With the RS 2873 Crore client account “and further not reported 6 own bank accounts (” own brokerage stock accounts “) were held with various private banks, until SEBI,” ED further allegedly “KSBL conducted large-scale trade activities in the name of 9 companies The included by the Karvy Consultants Limited (KCL), which is a group of carvy groups, and 8 other shell companies, according to doing business insurance.
During the investigation carried out under PMLA, it was also revealed that some crore rupees were transferred to a CQuiring property not moving through the company’s company, cril, and other group companies, ” The Karvy Group and Bank Shell Companies account.
Previously, Ed had recorded the statement of C.
Parthasarathy in Chanchalguda prison.