Enforcement Directorate seizes properties worth crores of Dino Morea, Sanjay Khan and DJ Aqeel in the Sandesara Group Bank Fraud case

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Dino Morea’s and late Congress leader Ahmed Patel’s son-in-law Irfan Ahmed Siddiqui’s properties have been attached by the Enforcement Directorate (ED) in connection with the Sandesara Group bank fraud case. Sanjay Khan and DJ Aqeel have also been named in the case.

An ED official said that the financial probe agency on Friday attached eight immovable properties, three vehicles and several bank accounts/shares/mutual funds having a total value of Rs 8.79 crore belonging to four persons under the provisions of the Prevention of Money Laundering Act (PMLA) in the Sandesara Group case.

 

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As per reports, the official said that the agency attached properties worth Rs 1.4 crore belonging to Dino besides attaching properties worth Rs 2.41 crore in the name of Siddiqui. The value of attachment assets for Khan is Rs 3 crore while for Aqeel Abdulkhalil Bachooali, popularly known as DJ Aqeel, it is Rs 1.98 crore.

The Enforcement Directorate (ED) said that absconding promoters of the Sterling Biotech group, Nitin Sandesara and Chetan Sandesara have ‘diverted’ proceeds of crime to the four people. The Sandesara brothers along with Chetan’s wife Dipti Sandesara and Hitesh Patel have been declared fugitive economic offenders by a special court, said ED in a statement.

"With the latest additions, the total attachments in this case have reached Rs 14,521.80 crore. The total proceeds of crime in this case is more than Rs 16,000 crore," the official said.

(Source: PTI)

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