BI News, New Delhi: The Enforcement Directorate probing a money case has taken possession of commercial property allegedly belonging to fugitive defence dealer Sanjay Bhandari at South Delhi’s Panchsheel shooping complex. Bhandari fled India in 2016, soon after a multi agency probe was initiated against him.
The property has been registered in the name of SB Hospitality and Services pvt ltd. According to Income tax and ED investigation, Bhandardara had acquired several properties abroad through shell companies in Dubai, Panama and London for all such transaction ED had later probed his entitles in Dubai for having allegedly received Payments from some defence deals.
