Enforcement Directorate attached properties to Sanjay Bhati on Bike Bot scam

The Enforcement Directorate (ED) on Monday attached properties to the tune of Rs 103 crore of Gravit Innovative Promoters Ltd (GIPL) and its promoter Sanjay Bhati and others in the Rs 4,000-crore Bike Bot scam case. The ED in a statement said that it has attached movable and immovable assets to the tune of Rs 103.73 crore under Prevention of Money Laundering Act, 2002 (PMLA). The ED said attached assets include 26 immovable properties in Gautam Budh Nagar, Ghaziabad, Bulandshahr, Kanpur and Indore totalling Rs 101.45 crore along with bank balances in 22 bank accounts totalling Rs 2.28 crore. The ED had taken over the case in June 2019 on the basis of FIRs registered in Gautam Budh Nagar against the GIPL, Bhati and others. The financial probe agency said that during investigation searches were conducted at 12 locations which resulted in recovery of details of several properties and incriminating documents. Survey conducted in a Co-operative bank in Noida revealed suspicious transactions and involvement of some banking officials in aiding and abetting the accused in laundering of the public money, it said. (IANS)

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