Probe Agency Attaches Rs 234 Crore Assets Of 4-Time Maharashtra MLA

The attached properties, inter-alia, include Karnala Sports Academy and many land parcels, the Enforcement Directorate said on Tuesday.

The Enforcement Directorate (ED) has attached immovable properties worth Rs 234 crore of Vivekanand Shankar Patil, a four-time MLA and Ex-Chairman of Karnala Nagari Sahakari Bank Ltd, in a bank fraud case. The attached properties, inter-alia, include Karnala Sports Academy and many land parcels, the ED said on Tuesday. The ED initiated investigation on the basis of FIR registered by the Economic Offence Wing (EOW) of Mumbai Police in 2019. The fraud came to light after an audit was done at the instance of Reserve Bank in 2019-20, when it was revealed that Patil was siphoning off funds from the bank through 63 fictitious loan accounts to the loan accounts of Karnala Charitable Trust and Karnala Sports Academy, which were founded and controlled by Vivekanand Patil.