Till date, ED has provisionally attached seized assets worth over Rs 772 crore in the case and filed multiple prosecution complaints. (File photo)The Special Court (PMLA) in Mumbai has recently taken cognizance of the third supplementary prosecution complaint filed by the Enforcement Directorate on June 4 against eight additional accused involved in offence of money laundering in the HDIL–PMC Bank scam in connection with the fraudulent acquisition of agricultural lands in Sindhudurg district. The court on July 25 also issued process in the matter, the ED said on Friday.ARTICLE CONTINUES BELOW VIDEOThe latest prosecution complaint alleges the role of HDIL promoters in laundering funds and acquiring agricultural land for the proposed (but never executed) Vijaydurg Port Project.It further strengthens the case by establishing the money trail from HDIL accounts for land acquisition in Sindhudurg through benamis, the ED stated.The central agency initiated money laundering probe in the case on the basis of FIR registered against Rakesh Kumar Wadhawan, Sarang Wadhawan, promoters of HDIL group, Joy Thomas, Waryam Singh (Directors of PMC Bank), and unknown other persons under sections of IPC, 1860.The agency’s probe has revealed that HDIL and its group companies availed the OD (overdraft) loans from the PMC Bank without proper documentations & mortgages. The OD limit was enhanced from time to time in order to avoid them being classified as NPA, rather the bank capitalized the interest part and enhanced the OD limit to that extent. By this manner the subject accounts of the HDIL group remained standard and hence never declared as NPA.Investigation also revealed fabrication and falsification of PMC Bank’s loan accounts by replacing 44 genuine NPA loan accounts of HDIL group with 21,049 fictitious accounts to deceive RBI and depositors.The first and main prosecution complaint was filed by ED in the matter on December 16, 2019, and two supplementary prosecution complaints on March 15, 2022, and May 23, 2023, respectively.Story continues below this adTill date, ED has provisionally attached seized assets worth over Rs 772 crore in the case and filed multiple prosecution complaints.Stay updated with the latest - Click here to follow us on Instagram© The Indian Express Pvt LtdTags:MaharashtraPMLA