Mumbai: A business premise in Mumbai and 4 different business premises in Rajkot have been provisionally hooked up by the Enforcement Directorate (ED) in a fraud case involving quantities to the tune of Rs 6.32 crore.
The company on Wednesday said that the entire value of the properties is round Rs. 4.87 crore belonging to Kalpesh Daftary, director of M/s. Sunkkalp Creation Pvt. Ltd and different accused Piyush Viramgama. The motion has been initiated below the provisions of Prevention of Cash Laundering Act, 2002 (PMLA). “Investigation below PMLA was initiated by the ED on the idea of FIR registered by Central Bureau of Investigation, EOU, New Delhi in opposition to Daftary and others for committing fraud to the tune of Rs. 6.82 crores.
“Investigation revealed that Daftary together with Niyaz Ahmed, Piyush Viramgama, Vijay Gadhiya and others solid 13 Vishesh Krishi and Gram Udyog Yojana Licences (VKGUY) and bought them fraudulently offered to M/s Reliance Industries Ltd. (RIL) below the invoices of working firm M/s Hindustan Continental Ltd,” the ED mentioned in an announcement on Wednesday.
The license is used to advertise export of agriculture and forest produce amongst others. “Investigation additionally revealed that the quantity of Rs. 6.eight crore obtained for buy of 13 VKGUY licenses was siphoned off by accounts of assorted working firms. Additionally it is revealed that the quantity has already been utilized by accused Daftary and others. On identification of 5 business properties belonging to accused Daftary and Viramgama, a provisional attachment order of Rs. 4.87 crores has been issued below PMLA,” the company mentioned.