The Enforcement Directorate (ED) on Wednesday said assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached in a money laundering probe linked to Yes Bank-DHFL bank loan fraud case.
The ED had issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach Bhosale’s assets worth Rs 164 crore and that of Chhabria's properties valued at Rs 251 crore.
The 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 properties of Pune-based businessman Avinash Bhosale that have been attached are 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.
Both the builders were arrested by the agency in the case in June and they are currently undergoing judicial custody.
The ED and the CBI are investigating this case and the two agencies have separately booked the two builders, Yes Bank co-founder Rana Kapoor and DHFL promoter-directors Kapil Wadhawan and Dheeraj Wadhawan.