ED arrests Omkar Realtors Chairman, MD in Rs 22,000 crore SRA scam
Kamal Gupta, Chairman of Omkar Realtors and Developers, and Babulal Verma, Managing Director of the firm, have been arrested in connection with the alleged Rs 22,000 crore Slum Rehabilitation Authority (SRA) scam case
BusinessToday.In | January 27, 2021 | Updated 22:15 IST
ED arrests Chairman, MD of Omkar Realtors and Developers
The Enfrocement Directorate (ED) has arrested Chairman and Managing Director of Mumbai-based Omkar Realtors and Developers under the Prevention of Money Laundering Act (PMLA). Kamal Gupta, Chairman of Omkar Realtors and Developers, and Babulal Verma, Managing Director of the firm, have been arrested in connection with the alleged Rs 22,000 crore SRA scam case.
ED arrests Omkar Realtors Chairman, MD in Rs 410-crore Yes Bank loan case
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On Wednesday, both Gupta and Varma were brought to the ED’s office in south Mumbai for questioning related to this matter. The central probe agency has carried out the action under the Prevention of Money Laundering Act (PMLA) and will be produced in the court on Thursday.
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MUMBAI: The Enforcement Director has arrested Omkar Realtors & Developers’ Chairman Kamal Gupta and Managing Director Babulal Verma in a matter related to alleged irregularities in a Rs 410-crore project loan from
On Monday, a team of Enforcement Directorate officials had conducted search operations at around ten premises of the developer in connection with a money laundering probe in the Yes Bank alleged bank fraud case.
ED arrests Omkar Realtors MD and Chairman in Rs 22000 cr SRA scam case
ED arrests Omkar Realtors MD and Chairman in Rs 22000 cr SRA scam case
ED has arrested MD and Chairman of Omkar Group, one of the leading builders in Mumbai. The group is allegedly involved in the misuse of permissions given for SRA (Slum Rehabilitation Authority) projects in Mumbai
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UPDATED: January 28, 2021 00:04 IST
O Monday, several teams of ED conducted searches at seven residential and three official premises linked to Omkar Group and its executives in Mumbai.(Photo for representation)
The Enforcement Directorate (ED) has arrested the Chairman and Managing Director of one of the most prominent developers in Mumbai. Kamal Gupta Chairman of, Omkar Realtors and Developers and Babulal Verma who is Managing Director of the firm have been placed under arrest after searches went on at the premises offices of Omkar group for almost three days starting Monday.
Read more about Yes Bank case: ED raids Mumbai builder group in money laundering case on Business Standard. The action is being carried out under the Prevention of Money Laundering Act (PMLA) and the raids are aimed to gather more evidence, they said
The action is being carried out under the Prevention of Money Laundering Act (PMLA) and the raids are aimed to gather more evidence, official sources said.