Saturday, November 27, 2021
HomeEconomic FraudRs 32 Cr Worth Cabbana Resort & Spa Attached By ED In...

Rs 32 Cr Worth Cabbana Resort & Spa Attached By ED In Money Laundering Case

NEW DELHI: Cabbana Resort & Spa, located on NH-1, Phagwara – Jalandhar Highway, Punjab, has been attached by the Enforcement Directorate in connection with a money-laundering probe. The property is valued at Rs 32.57 crore and belongs to Shivlal Pabbi and his friends.

On the basis of a request from the Netherlands government, the ED launched a money-laundering investigation into Shivlal Pabbi and others.

Shivlal Pabbi committed defrauding and forgery in the Netherlands on the basis of fake and fabricated papers made in collusion with his Indian friends, according to an ED money laundering probe.

ALSO READ: Search All India Police Station Phone Numbers & Mail ID Through This Search Engine

Shivlal Pabbi operated a hawala (underground banking) operation in the Netherlands. Shivlal Pabbi’s criminal gains were laundered through Pakistani individuals stationed in Dubai, who transferred the funds to Shivlal Pabbi and his family members’ NRE accounts in Phagwara.

The proceeds of crime were spent in the creation and building of Cabbana Resort & Spa, which spans many acres and is a well-known destination for hosting opulent weddings, corporate gatherings, and other functions. Shivlal Pabbi’s cousins Anil Kumar Chodha and Manoj Kumar Chodha operate the resort.

ALSO READ: Step By Step Guide: How To File Cybercrime Complaint Online In India

Shivlal Pabbi was apprehended by the ED on July 17 while attempting to exit the country. Prosecution complain against Shivlal Pabbi, Anil Kumar Chodha, Manoj Kumar Chodha, Mukesh Sharma, M/s Mayfair Resorts Pvt. Ltd. and M/s Cabbana Infrastructure Pvt. Ltd. was filed by the ED before the Special Court Mohali on 09.09.2021.

Further investigation in the matter is under progress. 

Follow The420.in on

 Telegram | Facebook | Twitter | LinkedIn | Instagram | YouTube

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

Most Popular

Recent Comments