The ED has cracked down on relatives of senior Congress leader Sushilkumar Shinde and attached immovable assets worth about Rs 35.48 crore from his daughter Preeti and son-in-law Raj Shroff owners of M/s Jindal Combines Private Limited and M/s Orlando Trading Private Limited under Prevention of Money Laundering Act, 2002 (PMLA) in a bank fraud case. The action has been taken in a money laundering case involving Kapil and Dheeraj Wadhwan, promoters of Diwan Housing Finance Limited.
The property is owned by Sushilkumar Shinde's daughter Preeti and son-in-law Raj Shroff. The property is located in the Caledonia building in Andheri.
"ED attaches commercial properties worth Rs. 35.48 Crore belonging to Raj Shroff and his wife, owners of M/s Jindal Combines Pvt. Ltd & M/s Orlando Trading Pvt. Ltd. under PMLA in Bank Fraud case," ANI tweeted.
The attached assets are in the form of two commercial properties admeasuring approx. 10550 square feet area each in Kaledonia building, Andheri (East), Mumbai. Preeti Shroff is the daughter of Congress leader Sushilkumar Shinde and the sister of Praniti Shinde.
"ED initiated the investigation on the basis of FIR registered by CBI (ACB), Mumbai against Rakesh Wadhawan and Sarang Wadhawan, promoters of HDIL and others for siphoning off the loan to the tune of Rs 200 crore sanctioned by Yes Bank to Mack Star Marketing Private Limited, by showing it for fictitious purpose," read the release by ED.