SP leader Vinay Shankar Tiwari
The Enforcement Directorate (ED) has again taken major action on the bases of SP leader Vinay Shankar Tiwari in Uttar Pradesh today. The ED has raided the locations of SP leader Vinay Shankar Tiwari. The ED conducted a search operation at about 10 places of the SP leader’s Gangotari Enterprises Company. A case of about 700 crore bank loan scam has come to light.
Former MLAs are caught in crores of bank loan scam
The ED has raided the locations of former MLA and SP leader Vinay Shankar Tiwari from Lucknow, Gorakhpur to Mumbai from Chilupar seat. Vinay Tiwari is caught in crores of bank loan scam. The ED on Monday raided the offices of Gangotri Enterprises.
Will be presented in court
This action taken on Monday morning has been carried out together. The ED has prepared a charge sheet against him. Soon he is to be produced in court.
Such open case
The ED investigation revealed that Messrs Gangotri Enterprises Limited, along with its promoters, directors, guarantee, took advantage of credit facilities worth Rs 1129.44 crore from the consortium of seven banks led by Bank of India. He later diverted this amount to other companies and did not return the amount of banks. This caused a loss of about Rs 754.24 crore to the bank’s consortium.
ED seized assets worth 72 crores
Former MLA Vinay Shankar Tiwari’s assets worth Rs 72.08 crore were seized by the Enforcement Directorate (ED) in November 2023. The ED took this action by Vinay Tiwari’s company Gangotri Enterprises Limited in the case of grabbing about Rs 1129.44 crore to the bank’s consortium.
CBI had earlier filed a case
The CBI headquarters had registered a case on the complaint of banks. After this, the ED also started investigation by registering a case under the Money Laundering Act against all the directors, promoters and guarantors of the company including Vinay Tiwari.
ED has seized 27 properties
In 2023, the zonal office of ED in the capital seized a total of 27 properties of Vinay Shankar Tiwari in Gorakhpur, Maharajganj and Lucknow. This includes arable land, business complex, residential complex, residential plots etc.
