The Enforcement Directorate (ED) has attached one immovable property situated at New Delhi valued at Rs 4.50 crore belonging to Sharan Svadha LLP in the case of Pilatus Aircraft Ltd., Switzerland, arms dealer Sanjay Bhandari and others under the provisions of Prevention of Money Laundering Act (PMLA).
The ED initiated the investigation under PMLA against Pilatus Aircraft Ltd. Switzerland, Sanjay Bhandari, Offset India Solutions Pvt. Ltd. (OISPL) and others based on the FIR registered by Central Bureau of Investigation (CBI) for commission of offence punishable under various sections of Indian Penal Code (IPC) and Prevention of Corruption Act.
