Assets worth Rs. 1.4 crore of actor Dino Morea seized by ED in connection with a bank loan fraud case : Bollywood News

Assets of actor Dino Morea, late Congress leader Ahmed Patel’s son-in-law, and DJ Aqeel Abdul Khalik Bachoo Ali have been seized in a fraud case. They have been linked to a case of Rs. 14, 500 crore bank loan fraud by Gujarat-based businessman Sandesara brothers.

Reportedly, the Enforcement Directorate(ED) while probing a money laundering case discovered transactions between the Sandesaras and Irfan Siddiqui, Dino Morea, and DJ Aqeel. As per the investigation, Dino Morea received Rs. 1.4 crore, while DJ Aqeel and Irfan Siddiqui received Rs. 12.54 crore and Rs. 3.51 crore respectively from the Sandesara brothers. The proceeds have been declared criminal by the ED and they have seized assets worth Rs. 1.4 crore of Dino Morea, Rs. 2.41 crore of Irfan Siddiqui, and Rs. 1.98 crore of DJ Aqeel.

The ED has said that out of the Rs. 16,000 crore considered as proceeds of crime in the Sandesaras case, assets worth Rs. 14,521 crore have been attached so far. The case also involves a Rs. 14,500 crore bank loan fraud allegedly by Sterling Biotech and its main promoters and directors are missing. According to the investigating agency, this is a bigger bank scam in volume than the Punjab National Bank fraud involving jewelers Nirav Modi and Mehul Choksi.

BOLLYWOOD

Catch us for latest Bollywood News, New Bollywood Movies update, Box office collection, New Movies Release , Bollywood News Hindi, Entertainment News, Bollywood News Today & upcoming movies 2020 and stay updated with latest hindi movies only on Bollywood Hungama.

Loading…

Disclaimer: This post has been auto-published from an agency/news feed without any modifications to the text and has not been reviewed by an editor.

Welcome Back!

Login to your account below

Create New Account!

Fill the forms below to register

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Retrieve your password

Please enter your username or email address to reset your password.

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?