ED lashes out at Omkar Group, seizes property worth Rs 410 crore

New Delhi: The Enforcement Directorate (ED) has taken major action against Omkar Group in a cheating case. ED has attached properties worth crores of rupees of Omkar Group and Sachin Joshi. In the loan fraud case, the central agency has taken action on properties worth Rs 410 crore under PMLA 2002.

ED officials informed on Saturday that flats worth about Rs 330 crore have been seized from tower C of the Sale Building i.e. It is owned by Sachin Joshi. The agency had initiated an investigation into money laundering based on the FIR registered by City Chowk police station, Aurangabad in 2020.

ED has been investigating the loan fraud case since January last year. The agency had also arrested M/s ORDPL Managing Director Babulal Verma, M/s ORDPL chief Kamal Kishore and Sachin Joshi in the case. ED had earlier filed a prosecution complaint before the sessions court in Mumbai in the case on March 26, 2021.

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