ED attaches assets in VKGUY licence fraud case
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The Enforcement Directorate (ED) connected 5 business properties belonging to the director of Sunkkalp Creation Private Limited and one other accused in reference to the alleged forgery of Vishesh Krishi and Gram Udyog Yojana (VKGUY) licences and their fraudulent sale to Reliance Industries Limited.
The connected properties embrace a business premises in Mumbai and 4 in Rajkot in Gujarat. The whole worth is value ₹4.87 crore. The ED mentioned the assets belong to Kalpesh Daftary, director of Sunkkalp Creation, and one Piyush Viramgama.
The cash laundering probe relies on an FIR registered by the Central Bureau of Investigation in opposition to Mr. Daftary and others for allegedly committing fraud to the tune of ₹6.82 crore. It is alleged that they cast 13 VKGUY licences and obtained them bought to Reliance Industries Limited beneath invoices of an working firm, Hindustan Continental Limited.
“Investigation also revealed that the amount of ₹6.80 crore received for the purchase of 13 VKGUY licences was siphoned off through accounts of various operating companies,” mentioned the company.
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