Nagpur: The Enforcement Directorate (ED) on Thursday provisionally attached assets worth 3.35 crore of a businessman accused in a cheating cases registered by the Sitabuldi and Dhantoli police stations. The money trail established by ED showed that the accused also used the money allegedly gained though fraudulent means for his wife’s treatment abroad and in India, apart from stashing the money in real estate. The assets attached included three shops and two land parcels spread over an area of 10.37 acres in all. The probe found out that in one of the case, the accused and his wife allegedly accepted 2.2 crore in cash for selling a property in which they no longer had any stake. The money was not returned to the buyer, even after the deal was cancelled, the probe revealed. The buyer was supposed to get the money back in 2013. In another case, the businessman and his associates allegedly lured an individual, by offering to secure a loan worth 18 crore for him from a foreign institution without furnishing any security. The 1.2 crore taken as a margin amount was not returned either, says ED.The ED says around 90 lakh was diverted from various bank accounts towards the purchase of a flat. As much as 70 lakh was used for personal expenditure.
