Assam: ED seizes Ghosh brothers’ property worth over Rs 65 crore in Guwahati
New Delhi: The Enforcement Directorate (ED) has held onto resources worth Rs 65.67 crore having a place with Ghosh Brothers Group of Companies and its advertisers in Guwahati – bank under the Prevention of Money Laundering Act (PMLA). Regarding an advance misrepresentation case. 37 crore.
Pranab Kumar Ghosh, Pratul Kumar Ghosh, Geeta Rani Ghosh and others are the promoters and directors of the company.
The ED had launched an investigation into money laundering on the basis of an FIR registered by the CBI against Ghosh Brothers Group of Companies and its promoters and directors. The charge sheet was filed in front of Guwahati. He alleged that Ghosh Brothers Motors Pvt Ltd and its promoters and directors had defrauded IDBI Bank to the tune of Rs 37 crore.
An ED official said, “Five different FIRs enlisted against various gathering organizations of Ghosh Brothers Group have been taken on record for examination as every one of the FIRs have a place with a similar gathering and the equivalent. Are connecting the matter. ”
During the investigation, the ED came to know that the promoters / directors of Ghosh Brothers Group of Companies had taken a loan of Rs 125.74 crore from IDBI Bank in the name of various group companies.
The loan amount was repaid using different accounts established with various banks in the name of different companies of Ghosh Brothers Group. The money was also diverted to the personal accounts of Pranab Kumar Ghosh’s family members.
During the investigation, it was found that the accused had acquired several movable and immovable properties in the name of themselves and group companies from the said amount of crime.
After due process, the ED identified and attached properties worth Rs. 65.67 crore in the form of showroom, residential flat, land and bank balance.