YES Bank-DHFL case: ED Attaches Rs 415 cr Worth Assets of Builders

Story Highlights
  • Assets belonging to Maharashtra builders Avinash Bhosale and Sanjay Chhabria linked to DHFL and Yes Bank scam.
  • The attached assets worth Rs 415 crore are majorly in the form of property.
  • The asset worth in the DHFL- Yes Bank scam goes up to Rs1,827 crore.

Assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached in the Yes Bank-DHFL bank loan fraud linked money laundering case, the Enforcement Directorate said on Wednesday.

Sanjay Chhabria and Avinash Bhosake were earlier taken into custody in connection with the alleged fraud of Rs 34,000 crore with a consortium of 17 banks led by the Union Bank of India. With the latest attachment, the asset worth goes up to Rs 1,827 crore.

The Enforcement Directorate (ED)┬áissued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach the assets of Bhosale, worth Rs 164 crore, while Chhabria’s assets are worth Rs 251 crore.

The newly attached assets of Chhabria are in the form of a land parcel located in Santacruz, Mumbai worth Rs 116.5 crore, 25 per cent equity shares of Chhabria’s company held in a land parcel located in Bengaluru worth Rs 115 crore, a flat located at Santacruz, Mumbai worth Rs 3 crore, profit receivable from a hotel belonging to Chhabria located at the Delhi airport worth Rs 13.67 crore and three high-end luxury cars worth Rs 3.10 crore, the ED said in a statement.

The Pune-based businessman Avinash Bhosales’ assets have been named in the form of a duplex flat in Mumbai worth Rs 102.8 crore, a land parcel located in Pune worth Rs 14.65 crore, another Pune located land parcel worth Rs 29.24 crore, a land parcel in Nagpur worth Rs 15.52 crore and another portion of land located at Nagpur valued at Rs 1.45 crore, it said.

The CBI and ED are investigating the fraud case against the two builders, Yes Bank co-founder Rana Kapoor and DHFL promoter-directors Kapil Wadhawan and Dheeraj Wadhawan in their separate complaints. Both the accused in custody are being interrogated, officials said.

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