Sarang wadhawan - Latest News Update, Information, Photos & Videos on Sarang wadhawan at Lokmat Times

New Delhi, Sep 18 The Enforcement Directorate (ED) has attached three hotels in Delhi valued at Rs 100 crore in the PMC Bank fraud case.An ED official said that the three hotels are Hotel Conclave Boutique, now known as FAB HOTELS in Kailash Colony; Hotel Conclave Comfort, now known as FAB HOTELS in East of Kailash; and Hotel Conclave Executive, now known as FAB HOTELS in Kalkaji.The hotels are owned by promoters of Libra Realtors Pvt Ltd, Deewan Realtors Pvt Ltd and Libra Hotels Pvt Ltd.The official said that Rs 247 crore was obtained fraudulently by Libra Realtors Pvt Ltd and Deewan Realtors Pvt Ltd from the PMC Bank in the guise of loans. "These loans are part of the Rs 6,117 crore owed by HDIL Group of Companies to PMC Bank," the official said.The ED registered a case of money laundering against Housing Development Infrastructures Ltd (HDIL), Rakesh Kumar Wadhawan, his son Sarang Wadhawan, Waryam Singh and Joy Thomas, Chairman and Managing Director of PMC Bank Ltd, and others on the basis of an FIR registered by the Economic Offences Wing of Mumbai Police in September last year. The FIR was registered for causing wrongful loss to the tune of Rs 4,355 crore to PMC Bank and corresponding gain to themselves.Earlier, the ED attached the properties of Rakesh Kumar Wadhawan and the Wadhawan family trust to the tune of Rs 193 crore and seized jewellery worth Rs 63 crore.The ED has also filed a charge sheet against Rakesh Kumar Wadhawan and others. The agency had also arrested Rakesh Kumar Wadhawan and Sarang.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Sarang WadhawanFOLLOW

Sarang wadhawan, Latest News

Maharashtra :PMC Bank Fraud: Rakesh and Sarang Wadhawan Released from Arthur Road Jail After 4-Years

After being imprisoned since December 2019, Rakesh Wadhawan and Sarang Wadhawan, father and son, were released from Arthur Road ... ...

Maharashtra :HDIL promoter Wadhawan’s bail plea rejected in Rs 6,000 crore money laundering case

A special court Wednesday rejected bail to HDIL promoters Rakesh Wadhawan and his son Sarang Wadhawan in connection with ... ...

National :ED raids 5 premises of Viva Group in Mumbai

The Enforcement Directorate (ED) on Friday conducted searches at the five premises belonging to Viva Group and its associates. ...

National :ED attaches 3 hotels valued at Rs 100 cr in PMC Bank case

New Delhi, Sep 18 The Enforcement Directorate (ED) has attached three hotels in Delhi valued at Rs 100 ... ...