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ED seizes proporties worth Rs 410 crore of Omkar Group and Viiking Group under PMLA

15/01/2022 at 3:59 PM

New Delhi, Jan 15: The Enforcement Directorate (ED) has seized real-estate properties  worth Rs 410 crore of Maharashtra-based Omkar Group and Viiking Group in a money-laundering case.

These properties include flats worth Rs 300 crore of Omkar Group based in Mumbai’s Worli and a land situated at Viram, Pune worth Rs 80 crore of Vilking Group belonging to Sachin Joshi.

The ED launched the investigation on the basis of an FIR filed by City Chowk Police Station, Aurangabad and on March 26 last year, filed a prosecution complaint before the Session Court, Bombay.

The ED, during the investigation, found that loan amount Rs 410 crore was fraudulently acquired by Surana Developers Wadala, LLP, a sister concern of ORDPL through falsely increased slum dwellers numbers and FSI.

“Out of Rs 410 crore, an amount of Rs 330 crore was laundered into the sale building of Omkar Group and an amount of Rs 80 crore approximately was laundered through Sachin Joshi and his Viiking Group of companies under the guise of services and investment, the ED said.

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