Enforcement Directorate (ED) seized property worth Rs 84 Cr belonging to Bharat Bomb in Udaipur. Bharat Bomb was involved in Rs 1000 Cr Syndicate Bank fraud.
With this seizure, total properties seized in this case has gone up to Rs 387 Cr. ED seized offices and flats in Cannaught Palace, Royal Raj Vilas belonging to Bharat Bomb.
The seizure was carried out under Prevention of Money Laundering Act. It is suspected that these properties were bought by Bomb from the money he made out of the Syndicate Bank scam.
Bharat Bomb had made bookings of flat in name of his accomplices. Bomb was the actual owner of these properties.