- विज्ञापन -
Chandigarh: The Enforcement Directorate Chandigarh has completed the process of raids conducted on July 9 at 14 locations in Haryana and Punjab under the provisions of the Prevention of Money Laundering Act (PMLA) 2002. During the search operation, Rs 16.38 lakh in cash, various incriminating documents, documents of immovable properties worth more than Rs 40 crore, bank lockers, and demat accounts were recovered and seized.
According to information shared by ED, on July 9, ED teams conducted searches at the commercial and residential premises of three officers of the Excise and Taxation Department of Haryana State and syndicate members Mahesh Bansal, Padam Bansal, Amit Bansal, Monil Bansal, Rishi Gupta, and Harish Biyani.
ED had initiated the investigation based on an FIR filed by the CBI against M/s Ariel Construction owner Sunny Bansal and other unknown persons based on a written complaint of Dena Bank, North Region Panchkula (Haryana). The ED investigation revealed that Sunny Bansal, in connivance with bank officials, fraudulently obtained a loan from Dena Bank (now Bank of Baroda) and defrauded the bank.
Investigation revealed that Sunny Bansal had availed of a term loan of Rs 4.50 crore and a cash credit hypothecation (CCH) of Rs 10.00 crore against stock and book debt. The loan amount was not utilized for the intended purpose, and instead, the loan was transferred to various entities, companies, and proprietorships (existing and non-existing) of Sunny Bansal’s close associates without any genuine business. Sunny Bansal had done this with the intent to mislead the bank.
