 Encounter specialist
Daya NayakEncounter specialist Daya Nayak could be worth Rs 100 crore.
The Anti Corruption Bureau (ACB) has stumbled upon incriminating documents indicating that Daya Nayak was involved in running dubious finance companies with transactions over Rs 50 crore.
Four staff members of an ACB offical searched his Kandivli police quarters flat between 11 pm last night and 6 am today. His wife Komal told them that Nayak was out of station. He is considered to be absconding.
We investigated his personal bank accounts and found Rs 43 lakh in excess as compared to his earnings said an investigating officer.
Nayak owns at least three flats, a penthouse and three vehicles, including a Hyundai Accent. Several other benami properties in Karnataka have also been identified.
So far we have identified valuables and property worth Rs 52 crore, but they belong to different people considered to be very close to Nayak, said a senior ACB official.
In all his companies, Nayak has named wife Komal as director, who ran the business on paper.
The modus operandi was simple. His associates like Shriniwas Naidu would bring in deposits in the finance company through various sources and then withdraw cash using dummy names.
Mid Day posseses details of preliminary investigations done by ACB. Dubious transactions being investigated
* Cheques worth Rs 20 crore issued by Messrs Ojas Housing Finance Private Ltd and Kuber Housing finance Private Limited run by Daya Nayaks wife Komal. * Film financier and producer Jhamu Sughand was given a loan of Rs 10 crore. Several other transactions between them are also being investigated. * Former journalist Dhananjay Karnik, who was one of the directors in Deve Paints (formerly Garware Paints) is known to be political advisor to NCP ministers Chhagan Bhujbal, R R Patil and Ajit Pawar. Yes Daya Nayak was a friend of mine and I took Rs 2 lakh from him by cheque. So what? There is nothing illegal about it, said Karnik. * Police Inspector Pradeep Sharma also borrowed Rs 11.5 lakh from the company but later returned the money. * Self styled film financier, Shriniwas Naidu, a friend of Daya Nayaks relative B Raja, took Rs 21 lakh in cash. Naidu was arrested by economic offences of Mumbai and Punjab for duping many people. * Cash withdrawals of Rs 38 lakh by Komal Nayak from Development Credit Bank, Santacruz. * P Manivelan, Chairman of Deve Paints got cash in exchange of cheques issued to the workers of the bank. * Rajendra Padtes cash withdrawals of Rs 13 lakh from Bank of India, Versova branch. * Several bounced cheques from Janata Sahakari Bank, Fort account although it had deposits worth Rs 21 crore.
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