DHFL scam: CBI seizes AgustaWestland helicopter from Pune premises of builder Avinash Bhosale | India News

- Advertisement -

NEW DELHI: The CBI has seized an AgustaWestland helicopter from the Pune premises of builder Avinash Bhosale, who is accused of money laundering and cheating in the ₹34,000-crore Dewan Housing Finance Ltd (DHFL) scam case, officials said on Saturday.
The agency has been carrying out searches at various locations for the past few days to locate assets acquired from the proceeds of India’s biggest bank fraud.
The helicopter was found inside a large hall built like a hangar.

- Advertisement -

DHFL’s former CMD Kapil Wadhawan, director Deepak Wadhawan and others were booked on June 20 in the bank fraud case.
It was alleged that they had cheated a consortium of 17 banks led by Union Bank of India by siphoning off Rs 34,615 crore bank loans by diverting them using falsified account books of DHFL.
They allegedly used shell companies and a parallel accounting system, known as ‘Bandra Books’, to siphon off public funds in DHFL by disbursing money to fictitious entities as retail loans.
ABIL Infraprojects Ltd, owned by Bhosale, allegedly has stake in the said helicopter. Officials said that the funds used for buying the chopper were sourced from loan funds sanctioned by various banks.
Bhosale had also bought a property in London for around Rs 1,000 crore in 2018 by contributing Rs 300 crore and taking the remaining Rs 700 crore as loan from Yes Bank, then led by Rana Kapoor, the chargesheet submitted by the CBI in the Yes Bank-DHFL case said.

The money used to buy the London property originated from the funds Bhosale received from DHFL and Radius group.
Watches and paintings worth crores
The seizure comes days after the CBI recovered two paintings worth Rs 5.5 crore and two watches worth Rs 5 crore belonging to the Wadhawan brothers. The CBI also recovered gold and diamond ornaments worth Rs 2 crore during the recent search.
CBI sources said that these assets collectively worth Rs 12.5 crore have been recovered after interrogation of Wadhawan brothers in the case.
(With inputs from PTI)

- Advertisement -

Source link

- Advertisement -

Related Articles

Stay Connected

- Advertisement -

Latest Articles