Probe Agency ED Attaches Mumbai Building Worth Rs 190 Crore In Fraud Case
NDTV
The building, worth over Rs 190 crore, is located at Ceejay House in Worli, opposite Ultra Mall, Poonam Chambers, and is worth Rs 190.62 crore, it said in a statement.
The Enforcement Directorate on Saturday said it has attached a building worth over Rs 190 crore in Mumbai as part of a money laundering probe linked to an alleged bank fraud case against former Bhushan Power and Steel Limited chief Sanjay Singal.
The residential asset is located at Ceejay House in Worli, opposite Ultra Mall, Poonam Chambers, and is worth Rs 190.62 crore, it said in a statement.
"The funds that were utilised for the purchase of this property by Assurity Real Estate LLP were siphoned from BPSL and routed through shell companies projecting the same as unsecured loans."
"It has been established that the so called unsecured loans were without any documentation and repayment obligations," the agency said.
