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MUMBAI: Slum Rehabilitation Authority (SRA) officials manipulated the list of eligible slumdwellers on the Wadala plot developed by Omkar group three times in five years. This substantially increased the development potential of the project and the developer managed to take a Rs 410-crore loan from Yes Bank, according to the chargesheet recently filed by the Enforcement Directorate (ED).
ED has named Omkar group promoters Babulal Varma and Kamal Kishor Gupta, and JM Joshi group promoter Sachin Joshi, and 14 firms associated with them in the chargesheet. Varma, Gupta and Joshi have already been arrested.
ED claimed that the list of eligible residents of Anand Nagar slum was manipulated last in 2016, just after Omkar Group took over the project. This increased the plot’s FSI from 2.05 to 4. However, the SRA website till date shows the development potential of the plot as per 2.05 FSI.
ED files chargesheet against Omkar Realtors chairman, MD in Yes Bank fraud case
Updated:
Updated:
April 01, 2021 21:43 IST
The agency says investigation revealed that ₹410 crore loans were diverted and not used for intended purposes
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The agency says investigation revealed that ₹410 crore loans were diverted and not used for intended purposes
The Enforcement Directorate on Thursday filed a prosecution complaint (chargesheet) against chairman of Omkar Realtors and Developers Kamal Kishore Gupta, managing director Babulal Varma, actor and producer Sachin Joshi and others in the alleged Yes Bank loan fraud case of ₹410 crore.
The chargesheet was filed before a special Prevention of Money Laundering Act court after an FIR was registered on March 7, 2020 at Aurangabad under Sections 420 (cheating and dishonestly inducing delivery of property), 406 (punishment for criminal breach of trust) and 34 (acts done by
Yes Bank loan fraud case: ED files charge sheet against Mumbai realty firm owners, others aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Mumbai: ED starts probing foreign firms, assets of bizmen Sachiin Joshi
Businessmen-cum-actor Sachiin Joshi was arrested in connection with the probe initiated on Omkar group under the provisions of Prevention of Money Laundering Act, 2002
Mumbai: The Enforcement Directorate (ED) has begun investigations into foreign companies and assets of arrested businessman and actor Sachiin Joshi.
The agency recently told a court that Joshi has allegedly not disclosed details of certain foreign companies. âSachin Joshi was asked about his foreign companies and assets. He simply mentioned a couple of outside companies. However, this office has received certain information wherein certain foreign companies are found which are related to Joshi and the same are not disclosed by him,â the agency told the court. Joshi is currently in judicial custody. The agency told the court that they require his custody âto investigate into such undisclosed foreign entities of Joshi and possibi
Mumbai, February 15
The Enforcement Directorate has arrested a businessman in connection with a money laundering case against city-based realty group Omkar Realtors and Developers, official sources s