AgustaWestland chopper is seized by CBI from Pune home of builder Avinash: In connection with the Rs 34,614 crore bank fraud case, the Central Bureau of Investigation (CBI) on Saturday impounded an AgustaWestland helicopter belonging to businessman Avinash Bhonsale of Pune.
Officials searched Bhonsale’s property and found the chopper; the federal investigation agency then took possession of it on Saturday.
Avinash Bhonsale, who was recently detained by the CBI, purchased an AgustaWestland-made helicopter.
In recent searches related to its probe into the DHFL scam case, the CBI discovered paintings by Indian masters FN Souza and SH Raza valued at Rs 5.50 crore. The CBI discovered during the searches an oil-on-canvas painting by SH Raza named “Village” from 1956 that is worth over Rs 3.50 crore and an untitled oil-on-linen work by FN Souza from 1964 that is worth Rs 2 crore. During searches, the central agency also confiscated two expensive watches from Jacob and Co. and Frank Muller Geneve, each valued Rs 5 crore.
A criminal conspiracy was formed by the Dewan Housing Finance Corporation Limited (DHFL), its then-Chief Managing Director Kapil Wadhawan, then-Director Dheeraj Wadhawan, businessman Sudhakar Shetty, and other suspects to defraud the group of 17 banks headed by the Union Bank of India.
In order to further the criminal conspiracy, the accused Kapil Wadhawan and others persuaded the consortium banks to approve sizable loans totaling Rs 42,871 crore, syphoned off & misappropriated a sizeable portion of the money by falsifying the DHFL’s books, and dishonestly defaulted on repayment of the consortium banks’ legitimate debts, resulting in a wrongful loss of Rs 34,615 crore to the consortium lenders, according to the CBI
The CBI has named several people and companies as suspects in the case, including DHFL, Kapil Wadhawan, Dheeraj Wadhawan, Skylark Buildcon Private Limited, Darshan Developers Pvt. Ltd., Sigtia Constructions Builders Pvt. Ltd., Township Developers Pvt. Ltd., Shishir Reality Pvt. Ltd., Sunblink Real Estate Pvt. Ltd., and others.
Allegations of cheating, fraud, and violations of pertinent parts of the Prevention of Corruption Act have been filed against each and every accused.
Since 2010, banks have begun providing loans to the accused companies. Over Rs 34,615 crore worth of loans were classified as non-performing assets (NPA) in 2019.