Mumbai, 30/1 (AO Bureau): The Enforcement Directorate (ED) arrested Omkar Group chairman Kamal Gupta and managing director, Babulal Verma, in a scam involving the Rs 22,000-crore slum rehabilitation scheme. For the last three days, the ED was raiding 10 bases associated with the Omkar group. During the raid, ED found many important documents. After which both of them were called by the investigating agency on Wednesday to answer questions. The ED arrested both for not cooperating in the interrogation.
This is the whole matter…
Explain that Omkar Group has taken a loan of Rs 450 crore from Yes Bank for the slum rehabilitation scheme. Omkar Group has been accused of looting crores of rupees by showing expenses on Mumbai’s slum rehabilitation scheme. They are being investigated by the ED and these people were not cooperating with the ED, so the ED arrested them on Wednesday. After that, both of them appeared in PMLA court on Thursday where they were sent to ED custody by the special court.
Loaned money elsewhere
The group has been accused of relocating the Rs 450 crore loan taken from Yes Bank. Meanwhile, Omkar Group has rejected these allegations. He says that the ED’s action has been taken in the case of Rs 410 crore recorded by the Crime Branch in Aurangabad.