Assets of Ahmed Patel’s son-in-law, Dino Morea, Sanjay Khan and Dj Aqeel seized in fraud case

Assets of actor Dino Morea, Ahmed Patel’s son-in-law attached in money laudering case. The assets were seized , the case is connected to the Rs.14,500 crore bank loan fraud allegedly done by Gujarat-based pharmaceutical firm ‘Sterling Biotech’ and its main directors and promoters Nitin Jayantilal Sandesara, Deepti Sandesara and Chetankumar Jayantilal Sandesara.

The Enforcement Directorate on Friday (July 2) said, it has attached assets of late Congress leader Ahmed Patel’s son-in-law, actors Dino Morea and Sanjay Khan and DJ Aqeel in a criminal investigation into a money laundering case linked to an alleged bank fraud.

The Enforcement Directorate (ED) has alleged that this is a bigger bank scam in volume than that of the Punjab National Bank (PNB) fraud by fugitive diamantaires Nirav Modi and Mehul Choksi, as it involves fraud to the tune of about Rs 16,000 crore.

The Enforcement Directorate (ED) said that Nitin Sandesara and Chetan Sandesara, absconding promoters of the Sterling Biotech group, have “diverted” proceeds of crime to the four people.

A consortium of banks led by Andhra Bank were alleged to have been duped, it said.

The amount involved in the PNB case is pegged at about Rs 13,400 crore.

Out of this, the value of attachment of assets for Khan is Rs 3 crore, for Dino Morea it is Rs 1.4 crore, for Aqeel Abdulkhalil Bachooali, popularly known as DJ Aqeel, it is Rs 1.98 crore and for Irfan Ahmed Siddiqui, who is Patel’s son-in-law, it is Rs 2.41 crore, the central probe agency said in a statement. It added that the attached properties include three vehicles, several bank accounts, shares and mutual fund.