TIDBITS

ED attaches assets worth Rs 04.87 Crore in a licenses fraud case

By IndianMandarins- 13 Jan 2021
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New Delhi (13.01.2021): Directorate of Enforcement (ED) has provisionally attached immovable assets worth Rs. 04.87 Crore belonging to Kalpesh Daftary, Director of M/s. Sunkkalp Creation Pvt. Ltd and other accused Piyush Viramgama under the provisions of Prevention of Money Laundering Act, 2002 (PMLA). The attached assets consist of five immovable properties which include a commercial premise situated in Mumbai and 4 commercial premises in Rajkot.

Investigation under PMLA was initiated by the ED on the basis of FIR registered by Central Bureau of Investigation, EOU, New Delhi under section 120 B read with 420, 467, 468, 471, 477A of IPC and 13(2) r/w 13 (1) (d) of Prevention of Corruption Act, 1988 against Kalpesh Daftary of M/s Sunkkalp Creation Pvt. Ltd. and others for committing fraud to the tune of Rs. 6.82 crores.

Investigation revealed that Kalpesh Daftary along with Niyaz Ahmed, Piyush Viramgama, Vijay Gadhiya and others forged 13 Vishesh Krishi and Gram Udyog Yojana Licences (VKGUY) and got them fraudulently sold to M/s Reliance Industries Ltd. (RIL) under the invoices of operating company M/s Hindustan Continental Ltd. Investigation also revealed that the amount of Rs. 6.8Crore received for the purchase of 13 VKGUY Licenses siphoned off through accounts of various operating companies. It is also revealed that this amount has already been used by accused Kalpesh Daftary and others. On identification of 5 commercial properties belonging to accused Kalpesh Daftary and Piyush Viramgama, a provisional attachment order of Rs. 4.87 Crores has been issued under PMLA.

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