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ED Raids At DHFL Promoters’ Residence In Money Laundering Case Link With Dawood Close Aide Iqbal Mirchi
Enforcement Directorate emblem (Facebook)
The Enforcement Directorate (ED) on Saturday (19 October) carried out raids at around eight places, including Dewan Housing Finance Corp Ltd (DHFL) offices and its promoters' residences here, in a money laundering case against Iqbal Mirchi, who was a close accomplice of underworld fugitive Dawood Ibrahim, and his associates.
Mirchi died in 2013. The ED had on October 11 arrested two of his associates -- Haroon Yusuf and Ranjit Singh Bindra -- for facilitating a land deal worth Rs 200 crore.
The financial probe agency had on Tuesday (15 October) made a submission in a Mumbai court that property developer Sunblink Real Estate Private Limited was given a loan of Rs 2,186 crore by DHFL on three properties, which are under the scanner in the Iqbal Mirchi case.
The agency is now scrutinising the DHFL documents related to the loan.
The ED, during probe, has found the company had started giving loans to Sunblink in 2010.
The ED is probing whether Rs 2,186 crore was allegedly routed overseas by Sunblink into the accounts of Iqbal Mirchi over a period of nine years. DHFL, however, has maintained it was never involved in any wrongdoing.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
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