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Dena Bank fraud case: ED attaches assets worth Rs 13.19 crore

ANI  |  Mumbai (Maharashtra) [India] 

The (ED) on Tuesday attached assets worth Rs 13.19 crore of one alias Vimal Barot in connection with Rs 220-crore in the Hill branch of Dena Bank,

The properties comprise three residential flats in Mumbai, one commercial space in Pune, one car and Rs 96 lakh (approx) in accounts belonging to the accused in the names of his relatives and shell companies controlled by him.

The case pertains to an alleged to the tune of Rs 220 crore (approx) with over the period from January 2014 to June 2014, committed by Vimal Barot of Showman Group, in connivance with Pritam Vidyadhar Nagarkar, the then of Dena bank, Hill Branch and unknown private persons.

On the basis of a complaint filed by the Zonal Office of in Mumbai, the CBI-BSFC registered an FIR on July 14, 2014, under Sections 120B read with 419, 420, 467, 468 and 471 of the (IPC), and Sections 13(2) and 13(1)(d) of Prevention of Corruption Act, 1988.

The FIR states that Barot purported to be the of to different organisations/corporate namely Mahatma Phule Backward Class Development Corporation Ltd, Metropolitan Region Development Authority, Maharashtra Tourism Development Corporation Ltd, APMC, Hero Motocorp Ltd, Modi and in order to commit the

On taking up the investigation under the Prevention of Money Laundering Act, 2002, the ED found that money was layered in multiple forged accounts created by the accused.

Following the trail of the money, the ED had provisionally attached properties worth Rs 10.30 crore in September 2017.

Total attachments in the case now are Rs 23.49 crore.

Further investigations in the case are underway.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 20:25 IST
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