2 Builders' Assets Worth Rs.415 Crore Seized In India's Biggest Bank Fraud

Wednesday, 3 August 2022Newsdesk

Days after An AgustaWestland helicopter was seized from the property of a Maharashtra-based builder accused of money laundering and cheating, the Enforcement Directorate today attached assets worth Rs.415 crore from him, and another builder, who are accused in India's biggest bank fraud.

New Delhi, 03 August 2022

As per news report of NDTV, Sanjay Chhabria of Radius Developers and Avinash Bhosale of ABIL Infrastructure and Metropolis Hotels were earlier arrested in the Yes Bank-DHFL (Dewan Housing Finance Limited) case that caused an alleged loss of over Rs.34,000 crore to a consortium of 17 banks led by Union Bank of India. Central Bureau of Investigation, or CBI, officers had last week found the helicopter at the property Avinash Bhosale in Pune.

Source - NDTV