Yes Bank loan fraud: ED files charge sheet against Mumbai realty firm owners, others
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Last Updated: Apr 01, 2021, 04:55 PM IST
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The charge sheet names chairman of Omkar Realtors and Developers Kamal Kishore Gupta, its managing director Babulal Varma, actor-producer Sachin Joshi (also the promoter of Viiking Group) and their companies.
PTI
The Enforcement Directorate (ED) has filed a charge sheet in connection with its money laundering probe against Mumbai-based realty group Omkar Realtors and Developers linked to alleged illegal diversion of Yes Bank loan funds worth over Rs 400 crore.
In a statement, the central probe agency said the prosecution complaint (charge sheet) has been filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special court in Mumbai.
Yes Bank loan fraud case: ED files charge sheet against Mumbai realty firm owners, others
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ED probe under PMLA can continue even after base offences are closed, compounded or quashed
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Mumbai: MahaRERA asks Omkar Realtors to compensate homebuyers for delay in possession of flat
Mumbai: MahaRERA asks Omkar Builders to compensate homebuyers for delay in possession of flat
Mumbai: The Maharashtra Real Estate Regulatory Authority (MahaRERA), Mumbai has bestowed big relief to two homebuyers of same family by entitling them compensation through interest payment on their invested amount over delayed possession of their booked apartment in a luxury project Alta Monte and Signet at Malad.
The regulatory authority, however, also justified that since the project is nearing for completion and paying interest at this juncture may affect project completion. Thus, liberty has been granted to builders to adjust the interest amount along with the outstanding dues payable by the homebuyer to prevent any jeopardy.