Tribune News Service
New Delhi, July 9
The Enforcement Directorate (ED) on Thursday mentioned that it has issued a provisional attachment order underneath the Prevention of Money Laundering Act (PMLA) to grab the belongings of Rana Kapoor and DHFL’s Wadhawan brothers to the tune of Rs 2,203 crore within the Yes Bank case.
The Central probe company in an announcement mentioned the current market worth of those belongings is greater than Rs 2,800 crore, which embody immovable properties in India and overseas, financial institution accounts, investments, luxurious autos and so on.
These belongings belong to Kapoor, Kapil Wadhawan and Dheeraj Wadhawan and the entities managed by them, the ED mentioned. “The assets belonging to Kapoor and entities connected to him amount to a total of Rs 792 crore (the present market value Rs 1,400 crore) which include an independent residential building “Khursidabad” at Cumbala Hill, three duplex flats on Napean Sea Road, residential flat in NCPA, Nariman Point; eight flats in India Bulls Blue, Worli in Mumbai. Besides these a bungalow at 40, Amrita Sher-Gil Marg, in New Delhi having market worth of Rs 685 Crore has additionally been hooked up,” it mentioned.
“The attached assets belonging to Wadhawan brothers and related entities are of a total value of Rs 1,411.9 crore which include 12 flats in Khar (West), Mumbai, one flat in New York and two flats in London, two land parcels in Pune and Mulshi, one Commercial property in Australia, five Luxury Vehicles and 344 bank accounts,” the ED mentioned.
The ED has accused Kapoor, his members of the family and others of laundering proceeds of crime price Rs 4,300 crore by receiving alleged kickbacks in lieu of extending huge loans by means of their financial institution that later become non-performing belongings (NPA). Kapoor was arrested by the company in March and he’s at current in judicial custody. Wadhawan are additionally in judicial custody in reference to the case.
Earlier, the company had hooked up financial institution deposits to the tune of Rs 115 crore of varied firms owned by Kapoor and seized jewelry price Rs 22.87 crore and 7 high-end luxurious vehicles price Rs 12.58 crore belonging to the Wadhawan household.