On Friday, the enforcement directorate attached properties worth Rs 8.79 crores of late Congress leader Ahmed Patel’s son-in-law Irfan Ahmed Siddiqui and Bollywood actor Dino Morea. As per the recent updates, the development comes in connection with a money laundering case related to bank fraud.
The ED official stated that the financial probe agency attached eight immovable properties, three vehicles and several bank accounts/ shares/ mutual funds which cost Rs 8.79 crore which belongs to four persons under the Prevention of Money Laundering Act.
The case allegedly involves a sum of Rs 14,500 crore in bank-loan frauds. According to the ED, the amount is even greater than the fraud committed by Nirav Modi. The report also stated that the cost of the assets. Sanjay Khan’s assets are worth Rs 3 crore while Dino Morea’s assets are Rs 1.4 crore. As for Aqeel Abdulkhalil Bachooali popularly known as DJ Aqeel, his assets cost Rs 1.98 crore.
The ED had registered a case of money laundering on the basis of an FIR registered by the CBI against several entities for cheating various public sector.
Earlier, ED had attached properties to the tune of Rs 14,513 crore in connection with the case. The official stated,”With the latest additions, the total attachments, in this case, have reached Rs 14,521.80 crore. The total proceeds of crime, in this case, is more than Rs 16,000 crore,” The ED has filed a charge sheet along with four supplementary charge sheets in connection with the case.
Meanwhile, Nitin Sandesara, Chetan Sandesara, Dipti Chetan Sandesara, and Hitesh Patel have been declared refugees by a special court.
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