Avinash Bhosale And Sanjay Chabriya ED: Big action by ED; 415 crore property of Sanjay Chhabria and Avinash Bhosale seized

Avinash Bhosale And Sanjay Chabriya ED: ED has taken major action in Yes Bank-DHFL fraud case. In this case, ED has attached the properties of two builders Sanjay Chabriya and Avinash Bhosale. ED has seized assets of Sanjay Chhabria worth Rs 251 crore and Avinash Bhosale’s Rs 164 crore, totaling Rs 415 crore. The action has been taken under the Prevention of Money Laundering Act, 2002 (PMLA). Sanjay Chhabria of Radius Developer and Avinash Bhosle of ABIL Infrastructure were arrested in this case.

On the basis of the FIR registered by CBI, the ED investigated against Rana Kapoor of Yes Bank and Kapil Wadhawan and Dheeraj Wadhawan of DHFL. has been started. It is alleged that Rana Kapoor along with Kapil Wadhawan, Promoter Director of M/s DHFL and others entered into a criminal conspiracy to provide financial assistance to M/s DHFL through Yes Bank Limited. After this he and his family were given benefits.

CBI is investigating this case regarding investigation of this case Both central agencies have registered cases against Yes Bank co-founder Rana Kapoor and two builders of DHFL  Kapil Wadhawan and Dheeraj Wadhawan. Both the Wadhawans were arrested by the ED in May, while Kapoor was arrested in March. Both of them are currently in judicial custody.

The ED alleged that Rana Kapoor invested Rs 3,700 crore in short-term non-convertible ‘debentures’ of DHFL and Rs 283 crore in ‘Masala Bonds’ of DHFL through Yes Bank Limited. The CBI recently seized an AgustaWestland helicopter from the premises of Pune-based builder Avinash Bhosle in connection with the Rs 34,615 crore bank fraud case related to DHFL. In 2011, Varva Aviation allegedly bought AW109AP helicopters for Rs 36 crore. 

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