Dubai based company
• A Dubai based businessman of Indian Origin took two loans of AED 35 million and AED 80 million.
• Field intelligence revealed that he owns hundreds of acres of land in one of the prime industrial belts of Maharashtra state through layered transactions executed through multiple companies.
• Due diligence procedures revealed that the person and his family members are serial defaulters in India, who abscond and resurface after long intervals.
• His accomplice was traced at a remote village in Goa.
• Property documents helped the bank to consider these assets while approaching the defaulter for repayment of loans.
