Gujarat Exclusive > National-World > ED attaches properties of Ahmed Patel’s son-in-law, Dino Morea in money laundering case

ED attaches properties of Ahmed Patel’s son-in-law, Dino Morea in money laundering case

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The Enforcement Directorate on Friday announced that it has provisionally attached movable and immovable assets of late Congress leader Ahmed Patel’s son-in-law, actors Dino Morea and Sanjay Khan and DJ Aqeel. The attachments were made in connection with a money laundering case involving Gujarat-based pharmaceutical company Sterling Biotech.

The probe agency also tweeted in this regard. It said, “Enforcement Directorate has provisionally attached movable & immovable properties worth Rs. 8.79 Crore under PMLA in Sandesara Group case. With this attachment, the total attachment reached to Rs 14,521.80 Crore.”

Properties worth Rs 3 crore of Sanjay Khan, Rs 1.40 crore of Dino Morea, Rs 1.98 crore of Aqeel Abdulkhalil Bachooali and Rs 2.41 crore of Irfan Ahmed Siddiqui have been attached. Four separate provisional attachment orders under section 5 of the Prevention of Money Laundering Act were issued in this regard, the ED said in a statement.

The case

The case involves a Rs 14,500 crore bank loan fraud allegedly by Sterling Biotech and its main promoters and directors – Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara and Deepti Sandesara – all of whom are missing.

Nitin and Chetankumar are brothers and fled India in 2017 along with others. The Sandesaras are also facing separate inquiries by the CBI and the Income Tax Department for their alleged nexus with high-profile politicians and charges of corruption and tax evasion.

The ED registered a criminal case in connection with the alleged bank loan fraud on the basis of an FIR and a charge sheet filed by the Central Bureau of Investigation. Until his death last year, Congress leader Ahmed Patel was questioned several times by the Enforcement Directorate over his alleged links with the Sandesara brothers.

The ED said that Nitin Sandesara and Chetan Sandesara, absconding promoters of the Sterling Biotech group, have “diverted” proceeds of crime to the four people.

 

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