ED attaches immovable properties of Kanishk Gold worth Rs 138 cr
Chennai, June 14: The Enforcement Directorate (ED) on Thursday said it has attached immovable properties, worth Rs 138 crore, belonging to Kanishk Gold Pvt Ltd and its Managing Director Bhoopesh Kumar Jain under the Prevention of Money Laundering Act (PMLA).
In a statement issued here, ED said the 14 immovable properties worth about Rs 138 crore belonging to Kanishk Gold and its Managing Director Jain.
On April 24, the ED it has frozen Rs 48 crore worth of properties belonging to Kanishk Gold Pvt Ltd under PMLA.
According to ED, a Provisional Attachment Order was issued April 24, attaching properties to the tune of Rs 143.58 crore, which were identified as proceeds of crime committed by Jain along with others, as the same are involved in money laundering.
The jewellery company is alleged to have indulged in offences of forgery, cheating and criminal conspiracy against 14 member banking consortium led by State Bank of India (SBI).
The SBI has loged a complaint with the Central Bureau of Investigation and an FIR has been lodged.
It is alleged that Kanishk Gold secured credit facilities from banks after providing fudged stock statements with the help of chartered accountants.
The total loss caused to the banks due to the above fraud works out to the tune of Rs 824 crore, outstanding as on December 31, 2017, the ED said.
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Thieves break into forest officer’s house in Ullal, decamp with bike, jewellery and ₹10.5 lakh cash
Mangaluru: Thieves broke into the rented house of a forest officer in the Kotekar sub-division of Ullal and stole a motorbike, ₹10.5 lakh in cash and gold and silver jewellery weighing about 181 grams, police said. The incident came to light on Thursday morning after Mehboob returned home from his native after nearly one week
The victim, Mehboob Saab Gudihola, had been living in the house with his wife and child for the past six months. According to the complaint, the family had travelled to their native place in Koppal on Friday.
The theft came to light when Gudihola returned home on Thursday morning and found that the house had been broken into.
In his complaint to police, Gudihola said the accused had entered the house through the main door and broke open cupboards in two rooms. The thieves allegedly stole gold and silver jewellery weighing around 181 grams, including ornaments belonging to the child.
They also took away ₹10.5 lakh in cash, which Gudihola told police he had brought home after availing a bank loan. In addition, a motorbike parked on the premises was also stolen.
Following the complaint, Ullal Police registered a case and launched an investigation. A dog squad and forensic experts visited the house and conducted an inspection.
