[ad_1]
The company performed searches on the premises of Rebecca Dewan and Ajay Ramesh Nawandar in Mumbai and Dewan Villa in Mahabaleshwar
The company performed searches on the premises of Rebecca Dewan and Ajay Ramesh Nawandar in Mumbai and Dewan Villa in Mahabaleshwar
The CBI on Friday seized two work by well-known artists Tyeb Mehta and Manjit Bawa, valued at ₹34.7 crore, throughout its searches at three places in reference to alleged banking fraud of ₹34,615 crore by DHFL, officers stated.
The portray by Mehta value over ₹27 crore and that by Bawa estimated to be over ₹7.7 crore had been amongst numerous work and sculptures — altogether valued at ₹40 crore — money and different incriminating paperwork seized in the course of the newest searches.
The company performed searches on the premises of Rebecca Dewan and Ajay Ramesh Nawandar in Mumbai and Dewan Villa in Mahabaleshwar, they stated.
The CBI has stated suspected hyperlinks of Nawandar with infamous needed criminals are additionally underneath scanner.
“Throughout investigation, it was discovered that the promoters had allegedly diverted the funds and made investments in numerous entities. It was additionally alleged that the promoters had acquired costly work and sculptures value about ₹55 crore (roughly) utilizing the diverted funds,” the CBI stated in a press release.
[ad_2]
Source link
