Synopsis
The central probe agency produced the duo before the special PMLA court, presided over by judge A A Nandgoankar, and sought their remand for interrogation.
Agencies
Mumbai: A special court here on Thursday remanded the chairman and the managing director (MD) of city- based Omkar Realtors and Developers to the ED custody till January 30 in connection with a money laundering case linked to the alleged loan fraud in
The chairman of the company, Kamal Kishore Gupta, and MD Babulal Varma were arrested hereon Wednesday by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA).
The central probe agency produced the duo before the special PMLA court, presided over by judge A A Nandgoankar, and sought their remand for interrogation.
ED arrests promoters of Omkar Group under PMLA ANI | Updated: Jan 28, 2021 23:24 IST
New Delhi [India], January 28 (ANI): Enforcement Directorate (ED) has arrested Babulal Varma and Kamal Kishore Gupta, promoters of M/s Omkar Group, under the provisions of Prevention of Money Laundering Act, 2002 (PMLA).
According to an official release, both the accused were produced before the PMLA court, Mumbai today and Special Judge (PMLA) was pleased to grant ED custody of both the accused till January 30.
The ED initiated the investigation on the basis of FIR registered by Aurangabad, Police, Maharashtra under Section 34, 406, and 420 of IPC against promoters of M/s Omkar Group.
Omkar Group Chairman, MD sent to ED custody till Jan 30
By IANS |
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Thu, Jan 28 2021 20:42 IST |
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A court here on Thursday sent Omkar Group Chairman Kamal Kishore Gupta and Managing Director Babulal Verma into Enforcement Directorate custody till January 30 in connection with a money laundering probe.. Image Source: IANS News
Mumbai, Jan 28 : A court here on Thursday sent Omkar Group Chairman Kamal Kishore Gupta and Managing Director Babulal Verma into Enforcement Directorate custody till January 30 in connection with a money laundering probe.
The ED arrested Gupta and Verma on Wednesday under the Prevention of Money Laundering Act after questioning them for over five hours and produced before the Special PMLA court here.
Omkar Group promoters remanded in ED custody
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Duo was arrested in ₹22 crore slum rehabilitation fraud case
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Duo was arrested in ₹22 crore slum rehabilitation fraud case
A special Prevention of Money Laundering Act (PMLA) court has remanded Babulal Varma and Kamal Kishore Gupta, promoters of Omkar Group, in the custody of the Enforcement Directorate (ED) till January 30 in a ₹22 crore slum rehabilitation fraud case.
The duo was arrested on Wednesday, a day after raids on 10 residential and official properties of Omkar Realtors and Developers. Incriminating documents, including digital evidence, were seized in the raid.
ED’s counsel Hiten Venegavkar told the court that the investigation was initiated after the Aurangabad Police registered an FIR against the accused under Sections 34 (acts done by several persons in furtherance of common intention), 406 (punishment for criminal breach of trust), and 420 (cheating and dishonestly inducing de
ED arrests chairman, MD of Mumbai-based realty group in money laundering case
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Last Updated: Jan 27, 2021, 07:18 PM IST
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Synopsis
The Enforcement Directorate had raided at least 10 premises of the group and its promoters on January 25 on charges of misusing various permissions given under the Slum Rehabilitation Authority (SRA) schemes and allegations of diverting around Rs 450 crore taken by way of a loan from Yes bank, agency sources had said.
Agencies
Kapoor, whose bail petition in the case was rejected by the Bombay High Court on Monday, was arrested in a fresh money laundering case on Wednesday in Mumbai.
New Delhi: The ED has arrested the chairman and the managing director (MD) of Mumbai-based Omkar Realtors and Developers in connection with a money laundering case against them linked to the alleged loan fraud in Yes Bank, official sources said on Wednesday. They said Omkar Realtors and Developers chairman Kamal Kishore Gupta and MD Babulal Varma have bee