ED attaches Punjab resort worth ₹32.57 crore
The Hindu
Its owner is accused of committing cheating and forgery in the Netherlands
The Enforcement Directorate has attached a resort worth ₹32.57 crore, located on National Highway-1 in Punjab's Phagwara, in connection with a money laundering case registered on the request of the Netherlands Government.
The Cabbana Resort & Spa belongs to Shivlal Pabbi and his associates. He is accused of committing cheating and forgery in the Netherlands in connivance with his Indian associates.
Shivlal Pabbi allegedly ran a “hawala” network, an underground banking system, in the Netherlands. The proceeds of the alleged crime were laundered through Dubai-based Pakistani nationals, who transferred the funds to him and his family members’ Non-Resident External accounts in Phagwara.
Amidst demand by the BJP for an investigation by the Central Bureau of Investigation (CBI) into the alleged unauthorised transfer of funds belonging to the Maharshi Valmiki Scheduled Tribes Development Corporation (MVSTDC), Home Minister G. Parameshwara on Friday said that the State government will not hand over the investigation to the CBI “voluntarily.”