The Enforcement Directorate has issued a Provisional Attachment Order attaching assets worth Rs 34.36 crore of Viva Holding (a company of Viva Group) in Bank Fraud PMLA case of Rakesh Wadhawan and Sarang Wadhawan, promoters of HDIL and others.
The attached assets are in the form of two commercial assets admeasuring 15,000 sq. mtrs area in Kaledonia building, Andheri East located at Mumbai valued at Rs 34.36 crore.
The ED had initiated probe against Rakesh Wadhawan and Sarang Wadhawan and others on the basis of an FIR registered by CBI (ACB), Mumbai under Indian Penal Code Sections relating to criminal conspiracy, cheating and criminal breach of trust and under relevant provisions of the Prevention of Corruption Act for siphoning off the loan to tune of Rs 200 crore sanctioned by Yes Bank to Mack Star Marketing Pvt. Ltd., by showing it for fictitious purpose.
ED has already initiated investigation under PMLA against Housing Development Infrastructures Ltd. (HDIL), Rakesh Wadhawan, Sarang Wadhawan, and Joy Thomas, CMD of PMC bank Ltd and others on the basis of FIR registered by Economic Offences wing of Mumbai Police.