ED Arrests DHFL Promoter Kapil Wadhawan In PMLA Case
By : Legal Era
Update: 2020-01-27 13:52 GMT
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[ By Bobby Anthony ]The Enforcement Directorate (ED) has arrested Dewan Housing Finance Ltd’s (DHFL) promoter, Chairman & Managing Director Kapil Wadhawan, under the Prevention of Money Laundering Act (PMLA) since he was allegedly not co-operating in an investigation.The ED has been investigating a money laundering probe against dead Dawood Ibrahim-linked gangster Iqbal Mirchi and...
The Enforcement Directorate (ED) has arrested Dewan Housing Finance Ltd’s (DHFL) promoter, Chairman & Managing Director Kapil Wadhawan, under the Prevention of Money Laundering Act (PMLA) since he was allegedly not co-operating in an investigation.
The ED has been investigating a money laundering probe against dead Dawood Ibrahim-linked gangster Iqbal Mirchi and others. Mirchi, who died in 2013 in London, was alleged to be the right-hand man of Dawood Ibrahim in drug trafficking and extortion.
The case is related to Mirchi's Mumbai properties, which have been called as proceeds of crime by the ED.
Allegedly, three such properties were sold to Sunblink, the company linked to Wadhawan brothers Kapil and Dheeraj.
Earlier, the ED filed a criminal case against Mirchi, his family members and others to investigate money laundering charges for alleged illegal dealings in purchase as well as sale of real estate assets in Mumbai.