So far, the ED has attached and identified assets worth Rs 3,830 crore in the PMC money laundering case.
Trouble
is mounting for former Union minister Praful
Patel, with the Enforcement Directorate (ED) finding his name on
the passenger manifest of an aircraft that belongs to the Wadhawans,
HDIL promoters.
The
documents examined by the ED, which is probing the Rs 4,355-crore
Punjab & Maharashtra Co-operative (PMC) Bank loan case, show that
Patel used the aircraft multiple times in 2012 when he was civil
aviation minister.
The
probe agency, in this case, has seized two aircraft — Bombardier
Challenger-300 VT and Falcon 2000 VT, owned by Privilege Airways.
Rakesh Wadhawan and son Sarang Wadhawan of Housing Development &
Infrastructure (HDIL) are directors of Privilege Airways
According
to ED sources, Patel had used the aircraft at least eight times in
2012 between February and May. The documents showed that the
Nationalist Congress Party (NCP) leader was accompanied by some other
party leaders during these trips. The destinations were mostly Mumbai
to Nagpur, Delhi, and Gondia.
So
far, the ED has attached and identified assets worth Rs 3,830 crore
in the PMC money laundering case. These assets belong to its
directors, promoters, PMC
Bank officials, and others. The assets, both immovable and
movable, will be attached under provisions of the Prevention of Money
Laundering Act (PMLA) after valuation, it said.
During
the search in the case, ED has reportedly found incriminating
documents revealing instances of siphoning of the funds and their
misuse.
Certain
transactions are showing a clear diversion, such as a Rs 98-crore
loan from PMC Bank was diverted to M Estate Developers, a
proprietorship concern of a close business associate of Rakesh
Wadhawan. The Mumbai Police EOW has already arrested the Wadhawans in
connection with the case, besides former MD of PMC Bank Joy Thomas.
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