ED | Dino Morea Assets worth crores of Dino Morea, Ahmed Patel’s son-in-law, DJ Aqeel seized in bank fraud case
Mumbai/IBNS: Assets worth crores of actor Dino Morea, son-in-law of late Congress leader Ahmed Patel and DJ Aqeel Abdul Khalik Bachoo Ali have been seized in a connection with a case linked to the Rs.14,500-crore bank loan fraud by Gujarat-based businessman Sandesara brothers.
According to the Enforcement Directorate, a money-laundering probe in the case led to the unearthing of transactions between the Sandesaras and Irfan Siddiqui (who is Ahmed Patel's son-in-law), Dino Morea and DJ Aqeel.
After investigating further, the ED found that DJ Aqeel received Rs.12.54 crore from the Sandesaras, Irfan Siddiqui got Rs. 3.51 crore and Dino Morea was the recipient of Rs. 1.4 crore.
A provisional order was issued by the ED under the Prevention of Money Laundering Act (PMLA) to attach the assets of the accused which are worth Rs 8.79 crore.
Those transactions are considered proceeds of crime, the ED told media adding that assets worth Rs. 2.41 crore of Irfan Siddiqui, Rs. 1.98 crore of DJ Aqeel, and Rs. 1.4 crore of Dino Morea have been attached.
The case involves a Rs. 14,500 crore bank loan fraud allegedly by Sterling Biotech and its main promoters and directors - Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara and Deepti Sandesara.
All these accused are currently missing.
Nitin and Chetankumar are brothers and reportedly fled India in 2017 along with others.
They are believed to be in Nigeria with authorities trying to extradite them.
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