ED seizes flats, plots of land worth Rs 410 crore of Maharashtra-based Omkar Group and Viiking Group under PMLA

ANI
15 Jan 2022, 19:18 GMT+10

New Delhi [India], January 15 (ANI): The Enforcement Directorate (ED) has attached flats and plots of land worth Rs 410 crore of Maharashtra-based Omkar Group and Viiking Group in a money-laundering case.

These properties include flats worth Rs 300 crore of Omkar Group in Tower C of sale building namely Omkar 1973 based in Mumbai's Worli and an open land situated at Viram in Pune worth Rs 80 crore of Viiking Group belonging to Sachin Joshi.

ED launched the investigation on the basis of an FIR filed by City Chowk Police Station, Aurangabad.

ED had conducted a search last year on January 25 and January 27 and had arrested Babulal Varma, Managing Director of ORDPL, Kamal Kishore, and its Chairman. Sachin Joshi was arrested later on.

The ED had, earlier, filed a prosecution complaint on March 26 last year before the Session Court, Bombay.

ED, during the investigation, found that loan amount Rs 410 crore was fraudulently acquired by Surana Developers Wadala, LLP, a sister concern of ORDPL through falsely increased slum dwellers numbers and FSI.

"Out of Rs 410 crore, an amount of Rs 330 crore was laundered into the sale building of Omkar Group and an amount of Rs 80 crore approximately was laundered through Sachin Joshi and his Viiking Group of companies under the guise of services and investment," the ED said. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to India Gazette.

More Information

14 ℃

Fog in New Delhi/Sadfarjung

Business

Section

Crystal Cruises cancels sailings through April

HONG KONG: Crystal Cruises is suspending planned sailings of its two ocean-going ships and one expedition ship through 29th April, ...

Jury awards customer $9 million after accidentally being served bleach

MARION COUNTY, Tennessee: Following a nearly 10-year court battle, after being served commercial-grade bleach instead of water at a Cracker ...

US home prices hit record high in 2021 with median price of $346,900

CHICAGO, Illinois: The real estate market saw a boom last year, with the median home sales price soaring to $346,900 ...

'Total' urges sanctions against Myanmar's oil and gas funds

PARIS, France - TotalEnergies, a French energy behemoth, has asked the US and French governments to approve targeted sanctions against ...

U.S. stocks sink, Nasdaq Composite sheds 385 points

NEW YORK, New York - Global stock markets reeled on Friday as interest rates fell and oil prices dived.Technology shares ...

Promise of new 5G cellular includes greater speed, more data

NEW YORK CITY, New York: Telecom companies have rolled out 5G networks in various locations across the United States over ...

Delhi

Section