The Enforcement Directorate (ED) on Friday issued seizure orders for five luxury vehicles used by DHFL promoters Kapil and Dheeraj Wadhawan to travel to their farmhouse in Maharashtra’s Mahabaleshwar during the coronavirus lockdown. Officials said the agency has sent an official order, issued under the PMLA to the Satara Superintendent of Police for execution.
A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges. During the hearing, the ED told the special Prevention of Money Laundering Act (PMLA) court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during his tenure.
The Enforcement Directorate (ED) is looking into more multi-crore rupees loans issued by Yes Bank to corporate houses that turned NPAs as part of its money-laundering investigation against its arrested promoter Rana Kapoor, said officials. ED has widened its probe in the case beyond the loan to DHFL and is now looking for more evidence of alleged kickbacks.
Crisis-hit Yes Bank’s founder Rana Kapoor was brought to the Enforcement Directorate’s (ED) office in Mumbai for questioning in connection with a money-laundering case against him. The ED is probing Kapoor’s role in connection with the disbursal of a loan to a corporate entity and the subsequent alleged kickbacks reportedly received in his wife’s accounts.
In its probe against Dewan Housing Finance’s Kapil Wadhawan, who is in ED’s custody, ED unearthed a 12,000 sqm land in Melbourne, 2 flats in New York, a flat & an office in London, a villa in Thailand, hotels in Pune & Mysore, 4 flats in Khar, a flat in Mumbai’s Sea View Palace and Juhu, a bungalow in Mahabaleshwar, a 570-flat society in Kurla, besides others.
The Enforcement Directorate (ED) has arrested the chairman and managing director of Dewan Housing Finance Ltd (DHFL), Kapil Wadhawan, in connection with its money laundering probe against dead gangster Iqbal Mirchi and others, officials said on Monday. They said Wadhawan has been arrested under the PMLA as he was allegedly not cooperating in the probe.
The ED on Friday attached properties worth over Rs 78 crore of former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar, accusing the banker of money laundering in a case pertaining to “illegal sanctioning of loans” of Rs 1,875 crore to Videocon Group of companies. Investigations also revealed that Chanda Kochhar and her family acquired an apartment in Mumbai owned by a Videocon Group company.
The Enforcement Directorate on Friday attached assets worth Rs 78 crore of former ICICI Bank managing director and chief executive officer (CEO) Chanda Kochhar and others, in connection with an alleged bank loan fraud and money laundering case. A provisional order under the PMLA has been issued for attachment of the properties including her Mumbai-based house.