Economic Offences Wing (EOW) of Mumbai police which is investigating the NSEL scam today said that it has identified and frozen 166 properties of various defaulters and is still in the process of identifying more properties in regards to the Rs 5,774 crore NSEL default case.
Out of the 166 properties 12 properties belong to NK Proteins director Nilesh Patel, who is the largest borrower with Rs 970 crore. Patel who was sent to judicial custody after the arrest in first week of this month has been admitted in St George hospital due to health reasons.
“We have identified 166 properties so far and are still identifying more properties in connection with NSEL. No more arrests have been made after Arun Kumar Sharma,” said a senir EOW officer. They had already attached some properties of ARK imports and Mohan India, two north india based defaulters of the NSEL.
Also, three flats and a Range Rover of Anjani Sinha, former managing director of NSEL has also been attached. The Sinha’s judicial custody has been extended further to November 27 today.
EOW has also seized two vehicles and two flats each of Amit Mukherjee and Jay Bhaukundi, two former employees of the NSEL who were arrested by the olice and were sent to the judicial custody.
The accounts of directors of the NSEL have been frozen and money involved in that was Rs 145.57 crore, said EoW official.
LOIL Overseas Food Ltd promoter Balbir Singh Uppal that owes Rs 757 crore in the National Spot Exchange was summoned today to Economic Offence Wing today.
Arun Kumar Sharma, director of Lotus Refineries, who was the last person to be arrested two days ago used the money to buy property as well as decorate his offices. He also used the money to invest in hindi films Satya 2 and Dehradhun Diary.