The Enforcement Directorate seized a property of a HDIL promoter within the PMC financial institution case
The Enforcement Directorate on Thursday sealed an about 5-acre bungalow of a HDIL promoter close to Mumbai in reference to its cash laundering probe within the Punjab and Maharashtra Co-operative (PMC) financial institution case, officers mentioned.
They mentioned the property is in Vasai suburb below Palghar district of Maharashtra.
It belongs to a promoter of the Housing Growth Infrastructure Restricted (HDIL).
The Enforcement Directorate is probing alleged monetary irregularities below the Prevention of Cash Laundering Act (PMLA) after it filed a prison case not too long ago.
It had seized Rs 60 crore value jewelry, a enterprise jet, 15 automobiles, two fastened deposits value Rs 1.5 crore and Rs 10 crore in reference to the case.
The Enforcement Directorate case relies on an FIR filed by the Financial Offences Wing of Mumbai police.
The company and Mumbai police case, primarily based on a grievance by an RBI-appointed administrator, is in opposition to the previous financial institution administration and promoters of HDIL.
The grievance was filed final week on expenses of forgery, dishonest and prison conspiracy in opposition to the officers.
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