Summary:
According to the ED, the DSK group cheated people of Rs 1,129 crore in the deposit schemes started by Kulkarni, his wife Hemanti and son Shirish. PUNE: The enforcement directorate (ED) on Thursday attached immovable properties worth Rs 904 crore of city-based developer D S Kulkarni, popularly known as DSK, in the money laundering case filed against him.The action was initiated under the provisions of the Prevention of Money Laundering Act, 2002. These eight partnership firms did not have any profit generating business. They were acting on various positions in the companies under the DSK Group of Companies which was involved in the real estate, automobile, sports, information technology and education sectors. The ED seized land, buildings, flats, bank deposits, policies and other properties of DSK.More than 35,000 investors/depositors have allegedly been cheated by the arrested builder..