ED taken over a multi-acre sports academy and some land parcels worth Rs 234 crore of former Maharashtra MLA Vivekanand Shankar Patil in a money laundering transaction involving a fraud of Rs 512 crore in Karnala Nagari Sahakari Bank which is based in Panvel, Maharashtra reports PTI.
The ED case is based on an FIR registered against Patil and about 75 others in February last year by the Economic Offences Wing (EOW) of the Navi Mumbai police.
The alleged irregularities in the Karnala Nagari Sahakari Bank involve Rs 512.54 crore.