ED attaches Rs 184.68-crore worth Assets of Chartered Accountant & Others in a Bank Fraud Case

Sanjay Kumar Mishra - ED- Chartered Accountant - Taxscan

The Enforcement Directorate (ED) last day said that it has attached Rs 184.68-crore worth assets of Rajasthan-based Chartered Accountant and others in a bank fraud case.

“ED attaches assets worth Rs 184.68 crore of Bharat Bomb, a Udaipur based Chartered Accountant and others under PMLA in a bank fraud case in Rajasthan. Total attachments in this case as of now is Rs 302.66 crore,” ED tweeted.

Reportedly, the case related to an alleged Rs 1,055 crore fraud in three branches of the Syndicate Bank in Rajasthan’s Udaipur and Jaipur between 2011 and 2016. The attached assets belong to Udaipur-based Chartered Accountant Bharat Bomb and others including Shankar Lal Khandelwal, bank manager Santosh Kumar Gupta and another banker Deshraj Meena and their family members.

The ED had first attached assets in this case in December 2016 and the total attachment of properties now stands at Rs 302.66 crore. The central probe agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) freezing a hotel, real estate projects and large pieces of prime agricultural and commercial lands worth Rs movable and immovable assets worth Rs 184.68 crore.

The ED called Bomb and bank manager Gupta as the “masterminds” of the fraud and said it has filed a criminal complaint in the case based on a first information report (FIR) by the Central Bureau of Investigation (CBI) of March 2016.

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