In the Yes Bank loan fraud case, the Enforcement Directorate (ED) has filed a charge sheet against Omkar Realtors and developers. It includes the names of promoters, chairman and other executives of Omkar Realtors, including Jackpot movie fame actor and businessman Sachin Joshi.
ED’s Zone-2 office had filed a separate case of debt fraud with Om Bank in Mumbai against Omkar Realtors and Developers Limited. The company had taken a loan of Rs 410 crore from Yes Bank.
The ED has filed a charge sheet in the special court dealing with money laundering cases. In this, ED has named the company’s chairman Kamal Kishore Gupta, managing director Babulal Verma and actor and producer Sachin Joshi.
In March 2020, the ED registered the case on the basis of an FIR lodged by the Aurangabad Police and after that the company premises were raided. Babulal Verma and Kamal Kishore Gupta have been arrested on 27 January 2021.
The ED says that Omkar Realtors had taken a loan from Yes Bank to rehabilitate the slum. But the loan money collected was transferred elsewhere and to Sachin Joshi’s companies. Sachin Joshi’s company bought Kingfisher Villa in Goa in an auction. Earlier this villa was with absconding businessman Vijay Mallya.
