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MUMBAI: Slum Rehabilitation Authority (SRA) officials manipulated the list of eligible slumdwellers on the Wadala plot developed by Omkar group three times in five years. This substantially increased the development potential of the project and the developer managed to take a Rs 410-crore loan from Yes Bank, according to the chargesheet recently filed by the Enforcement Directorate (ED).
ED has named Omkar group promoters Babulal Varma and Kamal Kishor Gupta, and JM Joshi group promoter Sachin Joshi, and 14 firms associated with them in the chargesheet. Varma, Gupta and Joshi have already been arrested.
ED claimed that the list of eligible residents of Anand Nagar slum was manipulated last in 2016, just after Omkar Group took over the project. This increased the plot’s FSI from 2.05 to 4. However, the SRA website till date shows the development potential of the plot as per 2.05 FSI.
Yes Bank loan fraud case: ED files charge sheet against Mumbai realty firm owners, others aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
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Enforcement Directorate custody of actor-producer Sachin Joshi extended
A special court in Mumbai on Thursday extended the Enforcement Directorate custody of actor-producer Sachin Joshi in a money laundering case till February 22. The ED arrested Joshi, whose family is in the gutka manufacturing business and who had acted in Jackpot and few other films, on February 14 in connection with a case against city-based firm Omkar Realtors and Developers. Joshi was produced before a special judge for Prevention of Money Laundering Act cases A A Nandgaonkar after his first remand ended.
The Central agency sought his further custody, claiming he was not co-operating with the probe. It wanted to confront him with other accused and
PMLA case: Actor-businessman Sachin Joshi remanded in ED custody till Feb 18 ANI | Updated: Feb 16, 2021 14:19 IST
New Delhi [India], February 16 (ANI): Enforcement Directorate (ED) has arrested actor-businessman Sachin Joshi, under the provisions of Prevention of Money Laundering Act, 2002 (PMLA), in the case of siphoning/diversion of bank funds to the tune of Rs 410 Crore.
According to an official release, the accused were produced before the Special PMLA court, on February 15, and the court granted ED custody till February 18.
The ED initiated an investigation on the basis of FIR registered by City Chowk police station Aurangabad, Maharashtra against promoters of M/s Omkar Group in the month of March 2020. The said FIR alleged cheating and diversion of bank funds.
Mumbai, February 15
The Enforcement Directorate has arrested a businessman in connection with a money laundering case against city-based realty group Omkar Realtors and Developers, official sources s