New Delhi [India], The Enforcement Directorate (ED) has attached 41 agricultural land parcels measuring about 1,807 acres in Sindhudurg, Maharashtra in connection with the Punjab and Maharashtra Cooperative Bank (PMC) bank loan fraud case. The agency on Tuesday said its registered value is Rs 52.90 crore and crime proceeds of Rs 82.30 crore were used to acquire these parcels of land during the period 2010 to 2013. The attached land is situated in Vijaydurg village. Under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, Mumbai zonal office of ED in Taluka Deogarh area of ​​Sindhudurg district has registered FIR 413 based on investigation based on an FIR lodged by EOW, Mumbai Police under various sections of IPC. Agricultural land parcels attached. Joy Thomas, Waryam Singh (Director of PMC Bank) Rakesh Kumar Wadhawan, Sarang Wadhawan and other unknown persons against Housing Development and Infrastructure Pvt Ltd (HDIL), its promoters and other co-accused and associates for fraud by causing loss of Rs 6,117.93. of.The ED investigation into the Punjab and Maharashtra Cooperative Bank (PMC) has revealed that during the period 2010-2013, HDIL's promoters - Sarang Wadhawan and Rakesh Wadhawan - had defrauded Punjabi Bank of Rs 1 crore (principal Rs 2,540.92 crore and interest Rs 3,577.01 crore). ) Given. Cream total Rs. Rs 82.30 crore was sent to the accounts of 39 farmers through their subsidiaries, Privilege Power and Infrastructure Ltd and Privilege Hi-Tech Infrastructure Ltd, for land acquisition in Vijaydurg in Sindhudurg district. Sarang Wadhawan, along with his employee Mukesh Kharpe, convinced the farmers to acquire land. in their name and transferred it in the name of an HDIL group company in exchange for commission and other benefits,” the ED said. “Cash components were also used to acquire these lands and at a registered value of Rs 52.90 crore.” After registration of the land, electricity was given. Attorney documents were obtained in favor of the HDIL group company, although these lands were acquired for the development of ports, they were never developed, Sarang and Rakesh Wadhawan had in the accounts of their subsidiary company of HDIL. Withdrawal of POC worth Rs 82.30 crore.Based on the outcome of the investigation into the accounts of farmers who kept PMC Bank in the dark, properties with registered value of Rs 52.90 crore have been provisionally attached under PMLA. On October 17, 2019, the main accused persons, Rakesh Kumar Wadhawan and his partner Sarang Wadhawan, were arrested for their involvement in the crime of money laundering. A prosecution complaint and two supplementary complaints have already been filed against him and 36 other individuals and entities. , So far, the ED has seized assets worth a total of Rs 719.11 crore under the provisions of PMLA, 2002.