India, Aug. 2 -- The Mumbai unit of the Enforcement Directorate (ED) has submitted a third supplementary charge sheet against eight additional accused who acted as "benamidars" in the Rs.6,117-crore fraud involving the Punjab and Maharashtra Co-operative (PMC) Bank and its alleged unlawful dealings with real estate firm Housing Development Infrastructure Limited (HDIL). A benamidar is a person or entity in whose name a property is held, but they are not the actual owner.

According to the agency's charge sheet, HDIL promoters Rakesh Kumar Wadhawan and his son Sarang Wadhawan, with the help of other accused persons, allegedly diverted Rs.82.3 crore of PMC Bank's loan funds to fraudulently acquire agricultural land parcels in the Vijaydurg ...