New Delhi, September 18
The Enforcement Directorate (ED) has connected three accommodations price round Rs 100 crore in Delhi in reference to its cash laundering probe within the PMC Bank fraud case, the central company mentioned on Friday.
The three accommodations have been recognized by the company because the Fab Hotels group and are positioned in Kailash Colony, East of Kailash and Kalkaji areas of the National Capital.
“The attached three hotels are owned by Libra Realtors Pvt Ltd, Deewan Realtors Pvt Ltd, Rakesh Kumar Wadhawan, Romy Mehra, Libra Hotels Pvt Ltd and its directors,” the company mentioned in an announcement.
It mentioned the “market value” of those three properties is about Rs 100 crore.
It recognized the property as: Hotel Conclave Boutique, now generally known as Fab Hotels at A-20, Kailash Colony in Delhi; Hotel Conclave Comfort, now generally known as Fab Hotels at D-150, East of Kailash and Hotel Conclave Executive, now generally known as Fab Hotels at C-22, Kalkaji.
The company mentioned its probe discovered that “proceeds of crime totalling Rs 247 crore were obtained fraudulently by Libra Realtors Pvt Ltd, Deewan Realtors Pvt from PMC Bank in the guise of loans”.
“These loans are part of the Rs 6,117 crores owed by HDIL group of companies to the PMC Bank,” the ED claimed.
The ED had filed a PMLA case to probe the alleged mortgage fraud within the Punjab and Maharashtra Co-operative (PMC) Bank in October final yr in opposition to Housing Development Infrastructure Ltd (HDIL), its promoters Rakesh Kumar Wadhawan, his son Sarang Wadhawan, its former chairman Waryam Singh and ex-managing director Joy Thomas.
It took cognisance of a Mumbai Police financial offences wing FIR in opposition to them that charged them for inflicting “wrongful loss, prima facie to the tune of Rs 4,355 crore to PMC Bank, and corresponding gains to themselves”.
The ED has earlier connected properties of Rakesh Wadhawan and his household belief price Rs 193 crore and had seized jewelry price Rs 63 crore.
The Wadhawan father and son have been additionally arrested by the ED final yr on this case and they’re in judicial custody at current. PTI