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The Wadhawan brothers are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which can also be probing the identical case
PTI Final Up to date: Could 15, 2020 | 03:18 IST The Enforcement Directorate (ED) on Thursday arrested DHFL promoters Kapil and Dheeraj Wadhawan in reference to its cash laundering probe in opposition to Sure Financial institution co-founder Rana Kapoor and others, officers stated.
The brothers had been remanded to 10-day ED custody by a particular court docket in Mumbai, they stated.
The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which can also be probing the identical case.
They had been arrested below the provisions of the Prevention of Cash Laundering Act (PMLA), the officers stated.
The Wadhawan brothers, additionally being probed by the ED in one other cash laundering probe linked to late gangster Iqbal Mirchi, had been summoned by the company a number of occasions within the Sure Financial institution case however that they had cited the continuing COVID-19 journey restrictions to skip the summons.
5 autos of the Wadhawan brothers had been seized by the ED in April after they and their members of the family had been reported to have unauthorisedly travelled to Mahabaleshwar from Lonavala in Maharashtra in the course of the nationwide coronavirus-induced lockdown.
As many as 44 corporations belonging to 10 giant enterprise teams, together with Anil Ambani Group, Essel Group, ILFS, Dewan Housing Finance Company Ltd, Cox & Kings, and Bharat Infra, reportedly accounted for unhealthy loans of Rs 34,000 crore of Sure Financial institution.
The ED has accused Kapoor, his members of the family and others of laundering “proceeds of crime” price Rs four,300 crore by receiving alleged kickbacks in lieu of extending massive loans via their financial institution that later allegedly turned non-performing belongings (NPA).
Kapoor can also be in ED custody.
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